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From the monthly archives:
Bond Prices are finishing the week unchanged and stuck at the 25-Day Moving Average. Earlier in the week the Bond fell below the 25-day Moving Average and a Rising trendline. Mortgage Rates may be ready to re visit their lows as Bond may be ripe for a bounce higher, after recently loosing 100 basis points in price. [...]
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“Mortgage Bonds have Fallen below the 25-Day Moving Average, a key technical support level making the short term for rates more uncertain. In order for the drop below support to be confirmed, the Bond must close below the 25-Day moving average for two consecutive days. News of greece over this weekend can be a market mover. Hence, [...]
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Mortgage Bond prices rose Friday as the Stock Market had its worse day of 2012. The Dow Jones lost 89 points due in part to concerns that Greece is headed for default. The 3.50% Mortgage Bond finished the day at $105.25, 43 basis points lower than the start of the week. Mortgage Rates remained low [...]
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The US Economy Generated 243,000 new jobs while the unemployment rate dropped to 8.3 percent, according to government data released Friday. Both numbers were much better than consensus, which expected a growth of 150,000 jobs and a steady unemployment rate of 8.5 percent. The unemployment rate was last this low in February 2009. Mortgage Bonds [...]
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