ARCHIVED BLOG POSTS
2017
Tomorrow's impending government jobs report did nothing to slow down the Dow Jones industrials. They marched steadfastly to their seventh consecutive record high and their second close above the 22,000 benchmark. The broader market itself was not at all robust as the S&P 500 and the NASDAQ each...
08/03/2017
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Mortgage backed securities (MBS) were up 19 basis points today at 103.25 having come to rest 52 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 Midwes...
08/03/2017
Well there was no correction today that is for sure. In fact, the Dow set another new record and after flirting with crossing over 22,000 yesterday, today it closed at 22,016. Today ADP released its report on private payrolls and showed 178,000 new jobs versus the 187,000 expected. Oil was bac...
08/02/2017
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Mortgage backed securities (MBS) were down 6 basis points today at 103.06 having come to rest 32 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...
08/02/2017
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Today was one of those rare days during which both stocks and bonds travelled in the same direction. Stock were propelled by strong earnings reports from many of our country's major companies culminating with a better than expected performance by Apple announced after the market closed. What wa...
08/01/2017
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Mortgage backed securities (MBS) were up 19 basis points today at 103.12 having come to rest 37 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...
08/01/2017
