ARCHIVED BLOG POSTS
2017
Once again the financial world in on pins and needles awaiting word from Janet Yellen and Mario Draghi tomorrow at the Fed's annual symposium in Jackson Hole. Stock markets here were in near limbo and closed with almost imperceivable losses. At the same time MBS bonds and Treasuries also had s...
08/24/2017
2
Comments
Mortgage backed securities (MBS) were down 10 basis points today at 103.38 having come to rest 69 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the Midw...
08/24/2017
0
Comments
The Fed's annual symposium in Jackson Hole, Wyoming is shaping up to be a really big deal this year The even entitled "Fostering global economy" will feature not only Fed Chief Janet Yellen but also her counterpart Italy's Mario Draghi who is head of the European Central Bank. It will be intere...
08/24/2017
1
Comments
Mortgage backed securities (MBS) were up 19 basis points today at 103.38 having come to rest 79 points above support offered by the 200 day moving average. The 30 year conforming was available at 3.75% today. The 30 year jumbo was at 4.00%. Whether in New England, the Mid Atlantic or the Midwes...
08/24/2017
1
Comments
With the Fed's annual symposium taking place in Jackson Hole, Wyoming beginning this Thursday, I am cautiously suggesting that buyers closing in the next two or three weeks lock. For closings farther out, I will be floating for now. Hoping for tax reform and buoyed by hopes that the Trump admin...
08/22/2017
1
Comments
Mortgage backed securities (MBS) were down 9 basis points today at 103.22 having come to rest 61 points above support offered by the 200 day moving average. The 30 year conforming remained at 3.875% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midwest ...
08/22/2017
0
Comments
Today was a day devoid of economic reports. the star of the day was the suns interaction with the moon. Americans from Oregon to South Carolina were able to look through their protective lenses and view a total eclipse of the sun. A broad swath from coast to coast inhabited by about 12,000,000...
08/21/2017
0
Comments
Mortgage backed securities (MBS) were down 6 basis points today at 103.31 having come to rest 69 points above support offered by the 200 day moving average. The 30 year conforming remained at 3.875% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midwest ...
08/21/2017
1
Comments
S & P 500 futures opened the day nearly flat after yesterday's terror driven sell off. MBS traders started the day hoping hang on to the improvements generated Tuesday and Wednesday. Sentiments of Fed voters were still unsure. Cash sales accounted for 18% of the sales in June according to Fred...
08/18/2017
0
Comments
Mortgage backed securities (MBS) were down 6 basis points today at 103.28 having come to rest 65 points above support offered by the 200 day moving average. The 30 year conforming remained at 3.875% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midwest ...
08/18/2017