Inside the Mortgage World

Bonds are getting beaten up today.  There's a saying in the market... "the trend is your friend" meaning that the trend helps you make proactive decisions to better manage your investments and your expectations.  While it is our friend it sure isn't being so friendly in the current direction.  It...

Yesterday it was no surprise when the Federal Reserve said they would keep the Fed Funds Rate steady at 0 to .25%.  However, the committee did offer some positive expectations for homeowners.  They said that they continue to anticipate that "inflation pressures will remain subdued in coming quart...

Big Brother Washington is looking to put together a "Bad Bank" and it could be announced next week.  What the heck is a "bad bank?"  It's not quite what the name implies.  This Bad Bank is essentially set up to buy the toxic assets, segregate them into a so-called "bad bank", clean them up, then ...

Last night the Senate confirmed Timothy Geithner as Secretary of the Treasure.  Obama showed up to swear him in, which is a bit unusual.  It will be interesting to see how Obama's recovery plan will advance. Consumer Confidence comes in lower than expectations and knocked the life out of stocks. ...

Kicking off the week, Mortgage Bonds continue their sideways hip hop dance along a floor of support and have improved since testing this floor last week.  However some good news for Existing Home Sales this morning has put a little pressure on bonds, pulling them down.  Stocks are fairing pretty ...

This morning, the entire Bond market, including Mortgage Bonds, are contending with the "I" word...inflation.   It may sounds a bit odd, however the traders in the pits have recently been talking about Obama's stimulus and rescue packages and the reemergence of inflation should they have a positi...

The morning has been a rocky start for Mortgage Bonds.  While Bonds are attempting to nudge higher off of the Rising Trendline, the volatility has picked up on disappointing economic data as well as reacting to the early sell off in Stocks due to ugly corporate earnings reports. The disappointing...

Yesterday, the stock market dropped sharply with its worst-ever performance on an Inauguration Day.  More often than not, the stock market has declined as a new presidential term is greeted. What may be surprising to some is that the Bonds didn't benefit.  Trading was thin as Washington was essen...

After being closed for 3 days, there are no fireworks for Mortgage Backed Securities (MBS) this Inauguration morning.  In fact, they are lacking any enthusiasm as they opened lower... below the 25 day moving average and support, plunged 38 basis points searching for the next support level, and th...

It's an action packed morning - already!  The headlines were coming in well before 7 am screaming the news of more bank challenges.  The effect on our Bond Market?  Not pretty.  Bonds are taking it on the chin by opening lower and still trading at their worst levels of the day.  In banking:  •·  ...