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Closing Technical Signal – Mortgage Backed Securities

CLOSING TECHNICAL SIGNAL:The Bonds remains in a clear down trend with prices trading within a Falling Channel. The only saving grace? The Bond is resting at the bottom of the Channel, which means it could bounce higher. However – we are not holding our breath here. It would not surprise us to see the Bond test . . . → Read More: Closing Technical Signal – Mortgage Backed Securities

Quit smoking now – 5 strategies that really work

please link to this site for valuable insights on how to quit smoking.

Quit smoking now – 5 strategies that really work

Learn . . . → Read More: Quit smoking now – 5 strategies that really work

Jim McNees Daily Mortgage Market Guide 2-24-2012

Friday – February 24, 2012 9:42am ET

Current Trend Direction: Sideways

Advise your Clients: Cautiously Floating 

Current Price of FNMA 3.5% Bond: $103.50, +9bp

Mortgage Bonds are trading slightly higher this morning as the 3.5% coupon moves a touch above resistance at the 25-Day Moving Average.  With no overnight headlines from abroad to impact trading, the markets await this morning’s . . . → Read More: Jim McNees Daily Mortgage Market Guide 2-24-2012

Jim McNees Daily Mortgage Market Guide

Wednesday – February 22, 2012 9:08am ET

Current Trend Direction:  Sideways

Advise your Clients:  Carefully Floating with Bond attempting to hold above 50-day Moving Average support level 

Current Price of FNMA 3.5% Bond: $103.00, +3bp

After a three-day slide, Mortgage Bonds are attempting to stabilize as the 3.5% coupon clings to support at the 50-Day Moving Average and is near . . . → Read More: Jim McNees Daily Mortgage Market Guide

Jim McNees Daily Mortgage Market Guide

Wednesday – February 15, 2012 9:47am ET

Current Trend Direction:  Sideways – with important technical battle on horizon

Advise your Clients:  Cautiously Floating

Current Price of FNMA 3.5% Bond: $103.81, +6bp

Bond prices are being capped this morning on news from China, stating their intent to continue investing in Euro-zone bonds.  Additionally, they may even decide to play a bigger . . . → Read More: Jim McNees Daily Mortgage Market Guide

Jim McNees Daily Mortgage Market Guide

Current Trend Direction:  Sideways – with important technical battle on horizon

Advise your Clients:  Cautiously Floating

Current Price of FNMA 3.5% Bond: $103.62, +16bp

Happy Valentine’s Day!

Looks like Aphrodite, Greek goddess of love, is giving a Mortgage Bonds a boost at the opening of trading, as the Grecian drama remains unresolved.

On the other hand, the Bond Ratings firms are . . . → Read More: Jim McNees Daily Mortgage Market Guide

Jim McNees Daily Mortgage Market Guide

Current trend Direction: Sideways – with important technical battle on horizon

Advise your Clients:  Cautiously Floating  

Current Price of FNMA 3.5% Bond: $103.41, + 3bp

A new and improved Grecian formula?  Perhaps.  Mortgage Bonds are trading lower as the Greek Parliament voted and approved austerity measures necessary to receive a fresh bailout.  This now sets the stage for a . . . → Read More: Jim McNees Daily Mortgage Market Guide

Jim McNees Daily Mortgage Market Up-Date

Friday – February 10, 2012 Current Trend Direction:  Sideways – with important technical battle on horizon

Advise your Clients:  Locking Bias  

Current Price of FNMA 3.5% Bond: $103.50, +22bp

The Monthly Bond Rollover occurred after the close of trading yesterday with the effect being -25bp for the 3.5% coupon.   Every month the coupon “rolls over”.  In this case, this . . . → Read More: Jim McNees Daily Mortgage Market Up-Date

What’s Labor Got to Do with It?

What’s Labor Got to Do with It?
The Impact of the Job Market on the Housing Market

 

Being unemployed, under-employed, or afraid of losing a job is never easy. One of the first things many people do in these situations is batten down the hatches and minimize their spending. Certainly, the last thing on their minds is making . . . → Read More: What’s Labor Got to Do with It?

NAHB Housing Index Reaches 4 1/2 Year High

. . . → Read More: NAHB Housing Index Reaches 4 1/2 Year High