Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2010 

After having been up most of the day, stocks sold off toward the close but managed a 4.9 point gain.  With all the doom and gloom speculation about deflation and a double dip recession, stocks had their worst August since 2001.  The Fed Open Market Committee minutes were released today showing mo...
08/31/2010
Mortgage backed securities (MBS) closed up  31 basis points today at 101.22 having burst through two tough levels of resistance.  If MBS pirces can sustain these levels in the days ahead, we will see new record lows for interest rates.  Such a bold advance is truly unusual on a day which saw glim...
08/31/2010
After Friday's nice 164 point gain based on Bernanke's' upbeat speech on the economy, do you think the Dow was able to sustain the rally?  A simple no will suffice when you look at today's 140 point loss.  This time it was President Obama who tried to cheerlead equity traders into beliveing in th...
08/30/2010
Mortgage backed securities (MBS) closed up 62 basis points today at 100.91 just below double resistance offered by the closes of 8/25 and 8/20 and above support of the 25 day moving average.  During the day, the bond actually broke below the 25 day moving average before dollars began flowing from...
08/30/2010
Big Ben Bernanke stirred up the pot today with bold comments about the economy continuing to improve into 2011 and beyond.  He stated that  he has employed and is currently employing tools to stimulate growth including the long term period of keeping Fed rates down and his MBS and Treasury purcha...
08/27/2010
Mortgage backed securities closed down 59 basis points today at 100.28 floating juat a10 basis points above support at the 25 day moving average.  This was the first significant selloff in months.  Bernanke's positive speech at the Fed's annual symposium in Jackson Hoel, Wyoming was too much for ...
08/27/2010
Stocks came out the gate like a race horse this morning on news that new jobless claim were, for once, below expectations only encounter a muddy  track when dismal Manufacturing numbers were released by the Kansas City Fed.  The ominous portending of the session was the fact that the Dow closed u...
08/26/2010
Mortgage backed securities (MBS) closed up 28 basis points today 100.88 right at one resistance level at the 8/16 close and just below upper resistance of the 8/20 close.  The market reacted to bad news from the Kanaas City Manufacturing Index and rallied from that time forward.  Tomorrow both co...
08/26/2010
With global economic jitters firmly in place, equity traders were greeted with a poor Durable Goods Orders report this morning.  Stock struggled early on to remain above the important psychological level at 10,000.  Then their woes were compounded by a horrible new home sales number which was off...
08/25/2010
Mortgage backed securities (MBS) closed down 6 basis points today at 100.59 still wedged between double resistance marked by recenet high closes and above support offered by the 25 day monving average.  Negative news on the economy started bonds off on a positive note today.  When the results of ...
08/25/2010
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