What the Markets Are Doing Today: Both the bond market and Mortgage Backed Securities (MBSs) opened up in price today before retreating. Both are now down in price (yields up) Friday's bond market despite weaker than expected economic news. The stock markets are also reversing course from early m
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02/27/2009
What the Markets Are Doing Today: Both the bond market and Mortgage Backed Securities (MBSs) opened down in price today as the government continues its sales of even more government debt that is expected later today. $22 billion in 7-year notes will be auctioned today. That will bring the total t
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02/26/2009
Prices of Mortgage Backed Securities (MBSs) and Treasury bonds continue to fall today. Remember, as bond and MBS prices fall, yields and mortgage rates go up. The government is selling a record $32 billion in 5 year notes today, and will be selling $22 billion in 7 year notes tomorrow. As the g
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02/25/2009
What the Markets Are Doing Today: Both the bond market and Mortgage Backed Securities as well as the stock markets opened down in price today. This is probably a negative reaction to the president's speech last night. But it also could be because of the sale of even more government debt that is
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02/25/2009
The Markets Today: The bond market opened in negative territory before reversing course. Meanwhile Mortgage backed securities (MBS) opened in negative territory and has tried to recover a few times, but remains down for the day. The stock markets, on the other hand, opened in and stayed in positi
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02/24/2009
Prices of Mortgage Backed Securities (MBSs) and Treasuries eventually reversed course this morning after initially falling in early morning trading as investors await new news on the government's bank bailout and mortgage rescue plans. The U.S. will sell a record $94 billion worth of T-bills this
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02/23/2009
My Lock Advice for Today: If I were considering financing/refinancing a home, I would... Float if my closing was taking place within 7 days Float if my closing was taking place within 8 and 30 days Float if my closing was taking place between 31 and 60 days Float if my closing was taking place ov
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02/23/2009
Prices of Mortgage Backed Securities (MBSs) and Treasuries fell this morning despite gloomy economic news. The run up in MBS prices could be due to some profit taking (rates higher) by traders as well as due to the glut of Treasuries on the market. The Feds are learning that there aren't as many
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02/18/2009
The Markets Today: Mortgage backed securities (MBS) and the bond market opened in negative territory despite the release of weaker than expected economic news. Meanwhile the stock markets are trading in positive territory today. The Dow opened down 16 points from yesterday's close and is currentl
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02/18/2009
Prices of Mortgage Backed Securities (MBSs) and Treasuries rose this morning as stocks fell dramatically as economic news dominated the markets. It appears that after the release of discouraging economic news, investors sought the safety of treasury bonds. There is renewed concern that the globa
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02/17/2009
