Jeff Jensen's Blog

Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616



A quick analysis shows us that gas prices rose $1.02 a gallon in 2009 up from a low of $1,62 at the end of 2008.  Oil, which  finished the year at $79.36 per barrel, was up 78% for the year.  Gold, which we are hearing so much about today, finished 2009 at a staggering $1,095. an ounce.  Surprisi...
Mortgage backed securities (MBS) closed up 50 basis points at 100.59 today just 13 basis points below resistance at the 200 day moving average and well above support.  After sliding for more than a  month, MBS bonds have finally picked up some steam.  Stocks faltered early in the day and money st...
After a slide of 231 basis points from November 25th through December 28th, mortgage backed seccurities (MBS) may be heading upward slowly over the coming weeks.  Our stochastic measurement tool shows us that the market is significantly oversold.  That means that there are opportunities to cash i...
Mortgage backed securities (MBS) closed up 25 basis points today at 100.09 above support at  99.75 and now only 64 bps below resistance at the 200 day moving average.  Despite broad advances in stocks today, MBS bonds were buoyed by construction spending's continued decline.  The pending home sal...

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