Ashley Hales's (ncmtgbanker) Blog

Another day in the books and yet another bad day for interest rates.  Mortgage backed securities took a beating today as growing fears of inflation coupled with a not so good auction on the 10 yr notes moved rates higher a couple of times during the day after lunch.  The DOW finished the day down...

Very early for the market but DOW is currently up about a point.  Another big day for gold as well up $18 an ounce (not a good sign long term for rates).  Oil is 40 cents a barrel right now and mortgage backed securities are unchanged at the moment.  The results of the 10 year note auction will b...

Uneventful day for the most part.  Mortgage backed securities finished the day down from close on Friday.  Not enough to move interest rates but interesting that a Fed member commented on inflation if Congress doesn't reign in its fiscal policy.  The DOW finished the day down 37 pts to close at 1...

Looks to be a fairly quiet morning.  Mortgage backed securities are up slightly from close Friday but not enough to move rates.  The DOW is currently down 73 pts and oil is down around 40 cents a barrel.  Have a great day!!

As expected the jobs number was good news for the economy but bad news for interest rates.  What wasn't expected was the actual number of 151K jobs being created in October.  Most were expecting around 60K.  While that is good news keep in mind the economy needs to add 150-200K jobs a month just ...

Sorry for no report this morning.  Spent most of the day traveling.  Tomorrow I will try to get a report out during the day at some point but there will be only one due my travels.  Mortgage backed securities had a roller coster day.  Things continued positive from the close yesterday with rates ...

Great day for interest rates as mortgage backed securities finished the day off strong ahead of the FOMC minutes being released tomorrow at 2:15 est.  We have discussed this and today it appeared investors have taken a position that the FED will announce to buy a large size of treasuries.  If thi...