Mortgage Rates 7/23/2015 As I mentioned the other day, Mortgage Backed Securities are just hanging out, so I’d like to look at the technical picture and then just breakdown some real world, what does a 1/8th of a point mean, data. When you look at … [Read more...] about The Drift and the 50 Day Moving Average
Mortgage Rates 7/21/2015 Mortgage Backed Securities, MBS, and therefore mortgage rates are drifting the day away. There is little economic data and although they did start the day down 11 bps, they are currently up 20 and we may see some afternoon … [Read more...] about Out to Sea Without a Paddle
Stocks are down sharply this am, like yesterday morning. The difference is Mortgage Backed Securities were up sharply when stocks opened down. Today they are hovering above resistance. I’m cautiously floating to start the day as Greece and China … [Read more...] about Mortgage Rates 7/8/2015
Mortgage Rates 6/17/15 Mortgage Backed Securities started the day a little lower this am, then sold off substantially, but have been in rally mode since the Fed statements an hour ago and are trading in positive territory! In the Fed minutes they … [Read more...] about Maybe We Just Need a Rate Hike?
Mortgage Rates 6/3/15 We are looking at 3 days of unfavorable movement in a row, yesterday and today, so far, have been the most significant. Yesterday, Mortgage Backed Securities, MBS, opened up with a gap down. A gap down is a lower open than … [Read more...] about The little blue line that couldn’t
Mortgage Rates May 26, 2015 No, I’m not talking about the Cubs fans who are talking about playoff baseball in May (chuckle). The “pennant” is the current formation Mortgage Backed Securities have taken. The pennant is a sharp movement in one … [Read more...] about Racing for the Pennant