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

ARCHIVED BLOG POSTS

2010 

Initial jobless claims were down this week and slightly lower than expected.  The second quarter GDP was adjusted from a 1.6%  advance to 1.7%.  Stocks opened higher on the day looking to bouncee ahead on the good news.  Aroung midday money began flowing out of stocks back in to bonds causing the...
09/30/2010
Mortgage backed securities (MBS) closed down 3 basis points today at 100..66 having taken quite a trip during the day.  Ironically despite better than expected economic news on jobs and the GDP, MBS bonds opened higher.  At one point during the morning, however, maverick selling began and the bon...
09/30/2010
With no economic reports due out today, stocks were left to react to other markets.  As gold mimicked Icarus soaring to new heights, stocks fell in step with the declining dollar.  Despite a recovery midday, the negative tone prevailed and stocks closed down slightly with the Dow falling 22 point...
09/29/2010
Mortgage backed securities (MBS) closed down 25 basis points today at 100.69 having climbed up  to resistance at 101.00 and been strongly repelled closing 31 basis points below its high.  This kind of rejection often indicates a fallaway in days to follow  In this volatile environment, however, a...
09/29/2010
Stocks were off to a slow start this morning when the consurmer confidence reading came in at 48.5 below the 53.0 expected on the street.  A mild improvement in home prices reported by Case Shiller kept stocks out of the doldrums.  Walgreens reported earnings ahead of expectations causing a rally...
09/28/2010
Mortgage backed securities closed up 9 basis points today at 100.94 having broken through resistance at the 101.00 level and remained above it most of the day.  In the last hour MBS bonds fell away from their highs and once again closed below resistance.  Today's Treasury auction of $35 billion 5...
09/28/2010
After four weeks of positive trading, stocks opened slightly lower today despite positive futures readings right into the open.  The lack of much news other that the President's wishful banter about the economy and with another strong resistance level above for the S & P 500,  left traders withou...
09/27/2010
Mrtgage backed securities (MBS) closed up 56 basis points today at 100.84 remaining well above support and 16 basis points below resistance at 101.00.  With no economic reporting today, MBS bonds set out in a positive direction from the open.  When the auction of $36 billion in 2 year Treasury No...
09/27/2010
Stock futures were lower this morning before the release of last week's initial jobless claims.  When that figure showed that 12,000 more jobs had been lost than the week before, breaking a five week run of improvements, a down open became certain.  Stocks were down over 100 points early in the s...
09/23/2010
Mortgage backed securities (MBS) closed down 3 basis points today at 100.62 having mangaged to remain above the critical support level of the 25 day moving average.  Once again, today's candlestick has a long wick indicating that it closed well below its high for the day.  This is usually a harbi...
09/23/2010
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