ARCHIVED BLOG POSTS
2017
While I am busy floating rates for my buyers who's closings are out more than 30 days the Dow looks as if it is floating its way toward 22,000. Yes the Dow managed to set yet another record today as the S&P 500 idled and the tech heavy NASDAQ sputtered once again. Ol remained above $50 per barr...
07/31/2017
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Mortgage backed securities (MBS) even today at 102.91 having come to rest 15 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today while the 30 year jumbo was at 4.25%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else i...
07/31/2017
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The NASDAQ, which was pummeled yesterday as tech stock took some major hits, fared much better today with just a 7 point loss. Consumer Sentiment and the Employment Cost Index were both lower today as oil prices rose to nearly $50 per barrel for the first time in a while. Next week will bring r...
07/28/2017
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Mortgage backed securities (MBS) closed up 16 basis points today at 102.94 having risen to 17 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today while the 30 year jumbo was at 4.25%. Whether in New England, the Mid Atlantic or the Midwest o...
07/28/2017
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One day after the close of the Fed's Oopen Market committee meeting and there was little change in MBS bonds. We are currently floating loans and carefully watching the market. Stocks began the day strongly but tech stocks faded as the day moved on and the NASDAQ, which had been down as many as...
07/27/2017
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.84 having fallen to within 6 basis above resistance offered by the 200 day moving average. The 30 year conforming remained at 4.00% today while the 30 year jumbo was at 4.25%. Whether in New England, the Mid Atlantic or the...
07/27/2017
The Federal Reserve's Open Market Committee meeting ended at 2PM today. During the ensuing news conference Janet Yellen said the inflation was slow to reach its goal and that rates were not likely to rise any time soon. At the same time there was no clear indication as to when the Fed might beg...
07/26/2017
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Mortgage backed securities (MBS) closed 22 basis points today at 102.91 having broken back through resistance offered by the 200 day moving average and closed 12 basis points above it. The 30 year conforming remained at 4.00% today while the 30 year jumbo was at 4.25%. Whether in New England, th...
07/26/2017
Today market dynamics were in their historically familiar mode as stocks rallied at the expense of bonds. Both the NASDAQ and the S&P 500 produced new record high closes as MBS bonds and Treasuries slumped significantly. After 2 weeks of resurgence MBS bonds fell back below the substantial supp...
07/25/2017
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Mortgage backed securities (MBS) closed down a whopping 34 basis points today at 102.62 having fallen through support offered by the 200 day moving average and closed 15 basis points above it. The 30 year conforming remained at 4.00% today while the 30 year jumbo was at 4.25%. Whether in New Eng...
07/25/2017
