ARCHIVED BLOG POSTS
2018
Wholesale inflation was rather tame in April with the smallest amount of gains seen since the end of 2017. The decline was led by lower prices for food and gas. The April Producer Price Index rose by 0.1%, below the 0.2% expected and down from the 0.3% recorded in March. On a year-over-year basi...
05/09/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.56 having fallen to 16 basis points belowthe 10 day moving average The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. My jumbo pricing is now sizzling! Whether in New England, the Mid Atlantic or...
05/09/2018
The NFIB's Small Business Optimism Index sustained record-high levels in April of 104.8, driven by reports of improved profits, which pushed the index to its highest level in the survey's 45-year history. "There is no question that small business is booming," said NFIB Chief Economist Bill Dunkel...
05/08/2018
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Mortgage backed securities (MBS) closed down today at 101.69 having fallen through support offered by the 10 day moving average and closed 2 basis points below it. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. My jumbo pricing is now sizzling! Whether in New Engla...
05/08/2018
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With economic reports to opine about, investors and stock traders reviewed earning reports. Apple led the way after a strong first quarter and oil stocks fared well with the price West Texas crude trading at nearly $71 per barrel. This week's most important economic report will be the Consumer ...
05/07/2018
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Mortgage backed securities (MBS) closed flat today at 101.84 having closed 18 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. My jumbo pricing is now sizzling! Whether in New England, the Mid Atlanti...
05/07/2018
S & P futures opened slightly lower this morning in anticipation of the release of the government jobs report this morning. The actual jobs number disappointed coming in at only 164,000 non farn jobs added for April. The unemployment rate did fall from 4.1% down to 3.9%. Total unemployment was...
05/04/2018
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Mortgage backed securities (MBS) closed up 6 basis points today at 101.84 having closed 21 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. My jumbo pricing is now sizzling! Whether in New England, th...
05/04/2018
Stocks, which had a volatile beginning this morning, closed near flat levels in a mixed market. Continued fears about U.S./Chinese trade talks and some lower earnings reports cuased the selling pressue. The early losses and easing inflation in the Euro zone helped to propel MBS bonds higher for ...
05/03/2018
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Mortgage backed securities (MBS) closed up 13 basis points today at 101.78 having closed 30 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.625% day. The 30 year jumbo was at 4.375%. My jumbo pricing is now sizzling! Whether in New England, t...
05/03/2018
