Bryan Flynn's Central Massachusetts Mortgage Blog

Mortgage Bond are trading higher 12bps this morning following yesterday's momentum.  Bond are resting just above the closest resistance level which is bullish, no real news to report today.  Watch the stocks if they go down should be good for bonds today.  Tomorrow the Philly Fed Index will move ...

CPI was in line with expectations and PPI was a bit hotter this morning.  Mortgage Bonds seems to have drawn a line in the sand for now and are attempting a reversal.  We finished up 50 bps on the day closing right inbetween a dual layer of resistance.  Bonds are also highly oversold which should...

Mortgage backed securities are trading flat on the day down just 3bps this morning.  Bonds have been in a downward trend for the last 2 weeks and rates have crept up .75% higher nearing 7.00%. The recent pressure on bonds are due to the pressure the heightened inflation concerns of the market.  T...

Well it is official......the bond market is fearful of inflation.  Some decent CPI numbers came out this morning but that was overshadowed this afternoon by the word no bullish bond trader wants to here........INFLATION is here and rising......well on the flip side it is quite obvious with the co...

Mortgage Bonds are down 38 bps this morning as of 920am EST.  Stock futures are up and oil is down which is leading to bond deterioration.  Retail sales were released this morning and came in better than expected for May and better than they were in April, very good news for consumer sentiment.  ...

    On a technical note, mortgage bonds are down 5 straight session at 216 bps points....rates have rose to the 6.625% area on a conventional 30 year fixed.  Bonds are oversold, which generally indicates that the buyers will be back and drive prices back up.  When bonds drop suddenly they have a ...

Mortgage Backed Securities had a wild day yesterday.  Off 81 bps at the low but did rally to close at a support level see chart below noting the circled red candlestick representing yesterdays trading day(amazing how that works) Bernanke spoke yesterday about inflation believing the sluggish gro...

Mortgage Bonds are taking a beating off this morning by 59 bps early bouncing off a resistance level and now are sitting down on a level of support.  No economic data released today.  Retail Sales is out Thursday which should be a market mover.  Oil went up $16 a barrell on Thursday and Friday. ...

  Non-farm payrolls estimated -60,000 actual -49000 (better than expected...good news for the economy bad for mortgage rates)  Unemployment numbers  estimated 5.1% actual is 5.5% (huge jump of .5% last time this happened was in 1986.....THIS IS A HUGE NUMBER PROBABLY CATCHING UP TO WHATEVER EVERY...

  Mortgage Bonds are down again today after breaking through the 200 day moving average yesterday afternoon.  Initial jobless claims where lower than expected this morning and the umemployment rate is released tomorrow and given the inconsistentcy of this number recently we will remain in a LOCK...