ARCHIVED BLOG POSTS
2017
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Today is the winter solstice, the day we have the least amount of daylight. It is not always the latest sunrise and the earliest sunset, just the least amount of total daylight. The solstice has also been known as yule and the midwinter through the years. The northern hemisphere and the southe...
12/21/2017
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.22 having remained below support offered by all the moving averages and come to rest 33 basis points below the 10 day. The 30 year was available at 4.125% today. The 30 year jumbo was at 4.25%. Whether in New England, the ...
12/21/2017
MBS bonds continued their free-fall today despite more small losses in stocks. With no support below them, MBS bonds are making it paramount to lock in at today's rates before they climb even higher. The yield on the 10 year Treasury was up to 2.48% for the first time since July. Meanwhile the...
12/20/2017
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Mortgage backed securities (MBS) closed down 22 more basis points today at 102.12 having remained below support offered by all the moving averages and come to rest a full 51 basis point below the 25 day. The 30 year was available at 4.125% today. The 30 year jumbo was at 4.25%. Whether in New...
12/20/2017
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Despite yesterday's euphoria about the tax bill moving forward, when it actually passed traders seemed to have a form of buyer's remorse. The fact that MBS were so far down even when stocks were down is troubled. Sending further concerns to investors was the fact that the 10 year Treasury yield...
12/19/2017
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Mortgage backed securities (MBS) closed down a whopping 35 basis points today at 102.31 having remained below support offered by all the moving averages and come to rest a full 39 basis point below the 25 day. The 30 year was available at 4.125% today. The 30 year jumbo was at 4.25%. Whether ...
12/19/2017
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High hopes about passing the tax bill sprinkled with some corporate deal making sent stock futures soaring this morning. The House of Representatives is expected to vote on the joint bill tomorrow. The Housing Market index rose to 74 this morning exceeding the expected reading of 70. The NASDA...
12/18/2017
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.66 having fallen through support offered by the moving averages and come to rest just 4 basis point below the 25 day. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.125%. Whether in New England, th...
12/18/2017
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Traders were still dreaming of a tax overhaul as Christmas presented and they traded their way into record high closings for all three major U.S. markets. Oil traded at around $57 per barrel and the Empire State Manufacturing Index came in as expected. Next week is busy week for market movers ...
12/15/2017
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.75 having fallen through support offered by the 50 day moving averages and come to rest just 1 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 M...
12/15/2017