I have taken a little time off due to the recent passing of my father and all of the issues of dealing with his affairs. It has changed my prospective a bit. Today the media seems to be more concerned about what the Obama family is doing, the John & Katie divorce and of [...]
Entries from June 2009
June 15, 2009
The 30 Year Rate Seems To Be Easing
The Mortgage Bond market continues to improve as accurate economic data continues to come in.
The comments made by President Obama hurt the Bond Market and rates increased dramatically.
Today the 4.5% Mortgage Backed Security traded in an 88bp range as the volatility continues closing at $98.91up 62bp for the session.
The only major economic news report [...]
June 12, 2009
Market News
Well after several days of Mortgage Bonds taking a beating we have had two days of improvement.
Investors are finally coming back to mortgage bonds simply because where else are you going to earn 5% return on your investment.
Banks are not offering anywhere near 5% on CD’s so what are your options?
The 4.5% Mortgage Backed Security rose [...]
June 5, 2009
Why Are Mortgage Rates Going Up
Currently we are seeing mortgage rates rocketing up into the mid 5% range for a 30 year fixed mortgage. Just 10 days ago rates where nearly 1% less for the same 30 year fixed mortgage. We are now beginning to see the impact of all of the resent Government spending.
As the Feds continue [...]
June 3, 2009
Market News
The volatility that has gripped the Mortgage Bond market since mid May has somewhat subsided today.
The benchmark 4.5% MBS traded in just a 41bp range today and for most of the afternoon session traded in a tight 12bp range.
The 4.5% closed at $100.03 up 16bp for the day.
The volatility may come back into the Bond [...]
D Fragoso