ARCHIVED BLOG POSTS
2017
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The war of words and threats emanating from North Korea are becoming more complicated and increasing in scope. The Japanese and the South Koreans are now concerned that their citizens and their sovereign nations may now be in direct danger should the North Koreans follow through on the idea of t...
08/10/2017
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Mortgage backed securities (MBS) were up 3 basis points today at 103.41 having come to rest 73 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midwest...
08/10/2017
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Despite all the saber rattling taking place between North Korea's leader and the Donald, losses in stocks were confined to relatively low numbers. Conversely, MBS bonds, which normally thrive on bad news, could only muster a 3 point advance. Meanwhile productivity for the second quarter advance...
08/09/2017
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Mortgage backed securities (MBS) were up 3 basis points today at 103.25 having come to rest 56 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midwest...
08/09/2017
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After ten consecutive days of record highs the Dow Jones Industrials finally had a losing session. What was the catalyst that caused such a phenomenon you ask. It was President Trumps reaction to the threats from rogue nation North Korea. He warned that their threats would be met with fire and...
08/08/2017
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Mortgage backed securities (MBS) were down 3 basis points today at 103.19 having come to rest 49 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midwe...
08/08/2017
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This is starting to feel like the movie Groundhog Day. The Dow closed at a record high today for the ninth consecutive day. MBs bonds had a slight advance and oil floated around the $49 mark once again. The yield on the 10 year Treasury was at a steady 2.25%. This week's economic calendar is ...
08/07/2017
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Mortgage backed securities (MBS) were up 6 basis points today at 103.22 having come to rest 51 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midwest...
08/07/2017
Today was jobs report day and the numbers did not disappoint. The report revealed 209,000 new non-government jobs created in July which exceeded the 181,000 expected and the 178,000 reported by ADP. They also reported that the unemployment number dropped to 4.3%. We, of course know that that n...
08/04/2017
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Mortgage backed securities (MBS) were down 16 basis points today at 103.12 having come to rest 40 points above support offered by the 200 day moving average. The 30 year conforming remained at 4.00% today. The 30 year jumbo was also at 4.00%. Whether in New England, the Mid Atlantic or the Midw...
08/04/2017
