ARCHIVED BLOG POSTS
2017
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Fannie Mae proclaimed that the percentage of Americans saying that now is a good time to buy a house fell by 10% while percentage saying that now is a good time to sell a house rose by 9%. I guess, in typical fashion, sellers don't know what buyers are thinking. Maybe if more Americans took the...
04/07/2017
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Mortgage backed securities (MBS) closed down 22 basis points today at 102.44 having remained above support offered by the 100 day moving average. The close was a whopping 62 points below the high of the day. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid ...
04/07/2017
Fifty nine missiles fired from two U.S. war ships struck an airfield in Syria. The strikes were in response to intelligence showing that Syrian villages filled with civilians had been struck with chemical weapons. Trump was showing his distaste for the actions of Syrian leader al-Assad and his r...
04/07/2017
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Mortgage backed securities (MBS) closed up 4 basis points today at 102.66 having remained above support offered by the 100 day moving average. Only the 200 day moving average remains above as resistance. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid Atla...
04/07/2017
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ADP, which traditionally announces its take on how many jobs had been created the previous month a day or two prior to the government numbers, announced that 263,000 jobs had been created versus the 175,000 expected. Also the Fed in its minutes of March's Open Market Committee announced that the...
04/05/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.62 having remained above support offered by the 100 day moving average. The bond, which was down 22 basis points during the day, made a nice comeback. Only the 200 day moving average remains above as resistance. The 30 year...
04/05/2017
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With no major economic reports coming out today many elements of the market remained near the status quo. The dollar index was just over 100, oil was just over $50 per barrel and Fed futures showed a 55% chance of a rate hike at the next meeting. S & P stock futures pointed slight lower this mo...
04/04/2017
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.56 having remained 31 basis points above support offered by the 100 day moving average. Only the 200 day moving average remains above as resistance. The 30 year conforming rate remained at 4.125% today. Whether in New En...
04/04/2017
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A lot of folks work out of their houses. In order to deduct expenses, however, it must be your principal workplace and the space must be used regularly and exclusively as an office. In my case, my bank has no physical office available so I use a portion of my house every day as my office. In o...
04/03/2017
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Mortgage backed securities (MBS) closed up 38 basis points today at 102.69 having remained above support offered by the 100 day moving average. Now only the 200 day moving average remains as resistance. The 30 year conforming rate remained at 4.125% today. Whether in New England, the Mid Atlan...
04/03/2017
