ARCHIVED BLOG POSTS
2017
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With no economic reports being issued today stock traders took a breather from last week's losses in tech stocks and achieved moderate gains. Tomorrow we will see numbers for existing home sales and Wednesday initial jobless claims and Consumer Sentiment will be released. With the market closed ...
11/20/2017
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.56 having come to rest 13 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midw...
11/20/2017
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We still find ourselves in the agonizing window between tax reform and the lack of it. The House has passed its version while the Senate' version continues to be somewhat shrouded. Building permits rose 5.9% in October while housing starts gained a robust 13.7%. The 1.29 million housing starts...
11/17/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.69 having come to rest jusr4 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlantic or the Midw...
11/17/2017
Cisco and Walmart reported earnings today and set a positive note for the day. Crude oil was down 19 cents and the yield on the 10 year Treasury settled at 2.37%. Weekly initial unemployment claims came in at 249,000 which was 15,000 more than expected. All three major indices were up today bu...
11/16/2017
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Mortgage backed securities (MBS) closed down 19 basis points today at 102.59 having broken through support offered by the 200 day moving average come to rest 17 basis point below it. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New England, the Mid Atlan...
11/16/2017
MBS bonds were looking good this morning as stock traders continued their malaise caused by fretting about tax reform. When word came out that the pending bill might be delayed, stocks began a hasty decline. Oil continued its slide and it was accompanied on the way down the slippery slope by Ta...
11/15/2017
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.8 having broken through resistance offered by the 200 day moving average come to rest just exactly 1 basis point below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today. The 30 year j...
11/15/2017
Still worrying about the Republican tax plan as well as possible impending interest rate hike, futures traders created small early losses this morning. After the market opened stocks took the news about GE's dividend cut pretty hard causing the Dow to fall about 17o points by mid session. The y...
11/14/2017
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Mortgage backed securities (MBS) closed up 12 basis points today at 102.59 having come to rest exactly 17 basis points below resistance offered by the 200 day moving average and remained below all the moving averages. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Wh...
11/14/2017
