ARCHIVED BLOG POSTS
2017
2
Comments
It is not only the U.S. government that leaks secrets. On Monday our neighbors to the north leaked out a story that legalization of marijuana, which has been widely anticipated there, was a done deal. Many of the widely held pot stocks jumped in the range of 10% when word of the leak hit the st...
03/31/2017
0
Comments
Mortgage backed securities (MBS) closed up 22 basis points today at 102.31 having broken through resistance offered by the 100 day moving average. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S., history ...
03/31/2017
A number of Fed Presidents will be speaking across the nation today. It will be interesting to see how effective they are at stirring up markets with their speculation and varying opinions about the need for additional interest rate hikes. The ten year note started the day with a yield of 2.38%...
03/30/2017
0
Comments
Mortgage backed securities (MBS) closed down 16 basis points today at 102.09 having once again fallen through support offered by the 50 day moving average prior to closing 10 basis points above it. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid Atlantic o...
03/30/2017
Today is the day for the United Kingdom to submit its Article 50 in order officially begin the process of leaving the European Union (EU). Stocks here paid little attention despite the uncertainty of how this momentous event would effect world monetary markets. Remember, when the results of the...
03/29/2017
0
Comments
Mortgage backed securities (MBS) closed up 28 basis points today at 102.25 having once again broken through resistance offered by the 50 day moving average and settled within 10 points of the 100 day. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid Atlanti...
03/29/2017
20
Comments
Throughout our lives we achieve many milestones. Graduations, birthdays, marriages, carrier advancements and building families are of course among the most important. Today my milestone is reaching the one million point level in the active rain community. This is not a milestone I ever intende...
03/28/2017
0
Comments
Mortgage backed securities (MBS) closed down 34 basis points today at 101.94 having once again fallen through support offered by the 50 day moving average. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S....
03/28/2017
0
Comments
While stocks struggled to swallow the failure of the Trump Administration to replace Obamacare, MBS bonds had yet another strong session. The next step for congress and the White House will be coming up with a new plan for individual and corporate taxes. The idea is to lure the cash from Amer...
03/27/2017
0
Comments
Mortgage backed securities (MBS) closed up 25 basis points today at 102.28 having once risen to within 13 basis points of resistance offered by the 100 day moving average. The 30 year conforming rate fell to 4.125% today. Whether in New England, the Mid Atlantic or the Midwest or anywhere else...
03/27/2017
