Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2011 

With no economic reports being published today, futures traders looked to Europe, saw equities trading higher there and were inclined to join the party.  Big board traders, however, looked beyond short term successes in Italy and expressed uncertainty about tomorrow Italian auction.  As we have c...
12/28/2011
Mortgge backed securities (MBS) closed up 44 basis points today at 102.56 having powered through resistance and closed right at a second resistance level.  MBS bonds, which closed near their high of the day, are once again sitting on top of the world near their highs of all time.  The large green...
12/28/2011
After making strong advances during the light trading in last week's pre-holiday trading, stock futures gave little help indicating what direction stocks might head in this morning.  As the morning went on consumer confidence posted its third highest reading of the year and stocks made a modest a...
12/27/2011
Mortgage backed securities (MBS) closed up 16 basis points today at 102.12 today having remained above support offered by the 50 day moving average and just i point below resistance at the 25 day moving average.  With consumer confidence bursting, MBS bonds were slow out of the gate this morning....
12/27/2011
U.S. equity markets are closed today in observance of the Christmas holiday as Christmas fell on a Sunday.  Without the U.S. markets to process the events in Europe over the weekend and today it is difficult to handicap their effects on stocks and bonds here.  Ostenisbly on the positive side is t...
12/26/2011
Christmas is over and Boxing Day has come.  The results of last week's trading have been swept up and it is time to wrap up some gifts to those who help us throughout the year.  I would like to the thank the crew at the Mortgage Market Guide who provide me with moment to moment updates on the mor...
12/26/2011
Stock futures pointed upward once again today.  Durable Goods orders were up pointing toward increasing activity in the manufacuring sector.  The core consumer price index was in line keeping inflation worries at bay.  New housing sales rose to 315,000 units which was the highest reading since Ap...
12/23/2011
Mortgage backed securities (MBS) closed down 31 basis points today at 101.97 having fallen below what was support offered by the 25 day moving average and wound up wedged between that and the 50 day moving average just 17 basis points below.  Although inflation readings were well within the Fed's...
12/23/2011
Mortgage backed securities (MBS) closed up 6 basis points today at 102.31 having remained above the strong double support levels offered by the 25 and 50 day moving averages.   MBS bonds were up and down a bit today in light trading and remained in a tight trading range.  The Fed continues to buy...
12/22/2011
stock futures pointed upward this morning in hopes that the trend of dropping initial unemplooyemnt claims would continue.  When the claims were released at 8:30, they did indeed show an additional 4,000 feweer claims and the moving avergae continued its way downward.  The growth of the third qua...
12/22/2011
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