Flushing (Flushing, NY)
By Nikitas Kouimanis, Mr Mortgage, Call Mr Mortgage @ 516-206-0000
(Cardinal Financial Company, Limited Partnership)
    Wednesday, June 1, 2016 What's going on and why does it matter? Mortgage bonds opened higher today, and they're trading above both their 10-day and 30-day moving averages for the first time in three weeks.  The Fed is scheduled to purchase up to $2.375 billion in 30-yr conventional mortgage bonds today between 9am and 9:45am Eastern, which is earlier than their normal time of 11am to 11:45am.  Bonds may give back some of their gains as trading gets underway later in the day because this is the Fed's only sizable purchase scheduled for this week in 30-yr conventional mortgage bonds.  Looming on the horizon for release later today are the construction spending and total vehicle sales reports. The market will also need to digest tomorrow's ADP report and Friday's non-farm payrolls rep...
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Flushing, NY Real Estate Professionals