ARCHIVED BLOG POSTS
2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 30-Year 5.0% Coupon opened down this morning 9/32 to 101.71 on signs the decline in housing prices is beginning to wane. The price of the FNMA 30-Year 5.0% coupon closed yesterday up 5/32 to 102.00 (as shown by the white line). ...
06/30/2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 30 Year 5.0% Coupon opened this morning up 4/32 from Friday's close to 101.94. The price of the FNMA 30-Year 5.0% coupon closed down 3/32 from its opening on Friday to 101.83 (as shown by the white line). The MBS was up as muc...
06/29/2009
Before I begin, let me say that I think we can resolve this Home Valuation Code of Conduct (HVCC) method of odering appraisals. You can take it for what it's worth - just two cents - or perhaps we can openly discuss any ramifications such a proposal may have on the industry, on issues that I may ...
06/27/2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 30 Year 5.0% Coupon opened this morning up 2/32 from yesterday's close to 101.98 before falling on better than expected economic reports. The price of the FNMA 30-Year 5.0% coupon closed up 20/32 from its opening yesterday to 10...
06/26/2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 30 Year 5.0% Coupon opened this morning up 3/32 from yesterday's close to 101.39 on worse than expected jobless claims. The price of the FNMA 30-Year 5.0% coupon closed down 1/32 from its opening yesterday to 101.30 (as shown by ...
06/25/2009
WEDNESDAY AFTERNOON UPDATE: The price of the FNMA 30-Year 5.0% coupon is currently trading down 1/32 at 101.30 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage interest rates. You might have seen a slight i...
06/24/2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 5.0 Coupon opened this morning down 2/32 from yesterday's close to 101.27, and was down as much as 4/32, on better than expected durable goods orders report. The price of the FNMA 30-Year 5.0 coupon closed up 1/32 from its openin...
06/24/2009
Massachusetts Asbestos Prevention & Green Options for Homeownersby Jesse HermanMesothelioma Cancer Center Highly regarded through the greater part of the 20th century, asbestos is a fibrous mineral that was used as insulation for piping, roofing and flooring in homes. Its flame resistant and high...
06/23/2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 5.0 Coupon opened down 5/32 this morning from yesterday's close to 101.17 and was down as much as 8/32 before recovering after the release of after worse than expected economic data this morning. The price of the FNMA 30-Year 5.0...
06/23/2009
What the Mortgage Backed Securities Market is Doing Today: The FNMA 5.0 Coupon opened as high as 11/32 this morning from Friday's close to 101.30 on a weekend World Bank report news that the recession will be deeper later this year then it was earlier this year, and the world's economy will ret...
06/22/2009
Rainmaker
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LewCorcoran, ASP®
Home Stager & Real Estate Photographer