ARCHIVED BLOG POSTS
2017
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With MBS bonds at their highest point since November, now it is a good time to lock a loan. Remember that the higher mortgage bond pricing rises the lower interest rates for mortgages fall. While gold continued rising oil conversely kept falling. Tomorrow is the first of June and just 21 days ...
05/31/2017
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Mortgage backed securities (MBS) closed even today at 103.22 having moved up to within just 4 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today. Whether in New England, the Mid A...
05/31/2017
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After the long holiday weekend that had more rain than shine here in New England, stocks came out looking a bit rumpled. While relatively low inflation numbers buoyed MBS prices and Treasuries stock prices backed away from their recent highs. The President's escapades in Europe last week and ti...
05/30/2017
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Mortgage backed securities (MBS) closed up 16 basis points today at 103.22 having moved up to within 5 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today. Whether in New England, ...
05/30/2017
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Predictably for the last day before a three day holiday weekend, markets were as close to flat as they could be today. MBS bonds closed exactly even and the NASDAQ's gain of 4.9 points was the largest of any of the three American exchanges. The Dow lost 2 points today. Monday is a day to honor...
05/26/2017
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Mortgage backed securities (MBS) closed flat today at 103.03 having remained 26 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today. Whether in New England, the Mid Atlantic or the...
05/26/2017
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With Fed Funds futures now predicting an 83% chance of a rate hike in June, stock traders may want to start fastening their seat belts. Despite the second quarter GDP numbers being substantially in doubt, the Fed and its Chief Janet Yellen seem determined to force rates higher. This philosophy ...
05/25/2017
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Mortgage backed securities (MBS) closed down 3 basis points (bps) today at 103.03 having fallen to 26 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today. Whether in New England, t...
05/25/2017
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While Home Depot bucked the trend of sagging profits for retailers, its arch rival Lowes missed targets both on revenues and earnings per share. Fed fund futures currently show a 75% chance of a Fed rate hike in June. Philadelphia Fed President Harker said today that the first quarter's low GDP...
05/24/2017
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Mortgage backed securities (MBS) closed up 22 basis points (bps) today at 103.06 having risen to within 24 basis points below resistance offered by the 200 day moving average. The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today. Whether in New Engl...
05/24/2017
