Lazy Stocks Edge Upward

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

With no economic reports being released here today stocks managed small gains as mortgage backed securities edged up 12 points.  Every month mortgage bonds have what is called a rollover when the bond traded changes from one month to the next one.  This has the effect of lowering the closing price but it has no impact on profit or loss when selling or buying the bond.  So when there is a big variance in the bond with no corresponding gain, that is likely the cause.  The Dow gained 42 points on the day.

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