Jeff Jensen's Blog

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



The Dow, which opened the day lower, is nearly in an overbought postion.  After closing yesterday at a two year high, advancing today did not look promising.  News, however, from ADP that many more jobs than expected had been created(297,000), sent the Dow climbing again.  (Keep in mind that the ...
Mortgage backed securities (MBS) closed down a whopping 81 basis points today having crashed through the 25 day moving average and another layer of support.  The bond now finds itself dangling precariously above a vast unsupported chasm.  Although it closed slightly above the lows of the day, the...
Stock futures pointed upward this morning and the market, which was cautious in anticipation of the wording contained in the minutes of last week's Fed Open Market Committee meeting, did advance at the open.  With no economic reports out today, the Fed took center stage.  Although some members lo...
Mortgage backed securities (MBS) closed down 3 basis points today at 99.47 remaining above support at the 25 day moving average and lurking about 40 basis points below resistance offered by the low of December 7th.  Although the closing candlestick representing the day's trading looks like a cros...
Mortgage backed securities closed down 12 basis points today at 99.50 having opened a gap below the 25 day moving average.  MBS bonds continued to fall during the day as stocks rallied with an optimistic outlook for the new year.  They fell still further during the day until the Fed anounced they...


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