ARCHIVED BLOG POSTS
2018
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Standard & Poor's stock futures opened lower this morning as talk of the impending Trump Tariffs continued to dominate the market. Meanwhile oil was steady $61 per barrel and the yield on the10 year Treasury note was somewhat stabilized at 2.84%. House speaker Paul Ryan met with the President t...
03/05/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.25 having come to rest 13 points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else ...
03/05/2018
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Today was day two of the Trump Tariff phenomenon. Writers have had time to discuss the positive and negative results from previous tariff wars some of which actually led to armed conflicts. The benefit to the steel and aluminum industries is real. The problem, however, is that many industries...
03/02/2018
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Mortgage backed securities (MBS) closed down 25 basis points today at 102.38 having come to rest 1 points below the 10 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else i...
03/02/2018
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President Trump announced today the he would impose a tariff on foreign steel and aluminum. The tariff on steel would be 25% and 10% on aluminum. The markets did not like that at all as it could lead to higher prices and a weaker dollar. The tariffs are in reaction to Commerce Department inves...
03/01/2018
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Mortgage backed securities (MBS) closed up 22 basis points today at 102.66 having come to rest 5 points below the 25 day moving average. The 30 year was available at 4.375% today. The 30 year jumbo was also at 4.375%. Whether in New England, the Mid Atlantic or the Midwest or anywhere else in ...
03/01/2018
