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

ARCHIVED BLOG POSTS

2011 

Stocks began to improve slowly this morning and really took off and soared on word that Boeing's earnings were nicley improved.  Durable orders improved more than expected but the big news of the day was the FED.  The Fed left in place its statement that rates would be low for an extended period ...
04/27/2011
Mortgage backed securities (MBS) closed down 12 basis points today at 99.00 having fallen 12 basis points below resistance offered by the close of March 23rd.  The Treasury auction went fairly well today as the Fed meeting cited continued low rates and low concerns about inflation.  The stochasti...
04/27/2011
Equity markets moved higher today spurned on by positive earnings reports from the likes of Ford and GM, two companies that heretofor have not been poster boys for profitability.  The S & P 500 powered right through the historicly tough resistance level posed by the 1,333 level to close at 1,347,...
04/26/2011
Mortgage backed securities (MBS) closed up 28 basis points today closing at 99.12 having coming to rest exactly at resistance.  There is further resistance just 34  basis points above represented by the close of March 17th.  Despite good news on consumer confidence, a booming stock market and a p...
04/26/2011
Stocks followed up yesterday's nice gain with another improvement today.  Strong earnings from GE and Apple propelled stock futures higher this morning.  Although weekly unemployment claims fell 13,000 this week, they are still not below the 400,000. level where they need to be to allow improveme...
04/21/2011
Mortgage backed securities (MBS) closed up 6 basis points today at 98.56 never having moved far from yesterday's close.  With no action in the market place that was bond positive, MBS bonds continued to languish just below resistance offered by the 100 day moving average.  As we slide into the ho...
04/21/2011
Strong earninigs pointed stock futures in a positive direction and stocks did not disappoint.   Commodities like gold and silver soared at the expense of the dollar.  Oil moved slightly ahead.  The Dow which was up nearly 200 points at one point during the day closed up a solid 186 points.  That ...
04/20/2011
Mortgage backed securities (MBS) closed down 22 basis points today at 98.50 having fallen below support offered by the 100 day moving average for the past two days.  As stock markets surged fueled by strong corporate earnings reports, money flowed out of bonds.  If MBS bonds can not remain above ...
04/20/2011
Stocks shrugged off Standard & Poor's comments from yesterday regarding the rating of U.S. bonds.  I am not sure it was so much Treasury Secretary Geithner's comments that assuaged traders.  The lack of immediacy did little to sustain the uncertainty which arose when the comments first came out. ...
04/19/2011
Mortgage backed securities (MBS) closed up 3 basis points today at 98.72 still hovering precaiously just above resistance offered by the 100 day moving average.  There was not much economic or geopolitcal action going on today.  The only reports were housing starts and building permits and bothwe...
04/19/2011
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Jeff Jensen

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