Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2012 

Stocks began the day with slight losses as Dell projected lower earnings than expected and news from Europe showed lackluster economic activity.  Existing home sales rose but traders were still taking profits and consolidating posiitions after the recent run up to the 13,000 level.  With fixed in...
02/22/2012
Mortgage backed securities (MBS) closed up 41 basis points today at 103.38 having bounced upward from support at the 50 day moving average prior to closing at the high of the day just one basis point below resistance at the 25 day moving average.  After what appeared to be a trend change, MBS bon...
02/22/2012
The Greek deal for the $130 billion Euro bailout is finally in place to avoid an unsightly default in March.  Questions linger, however, as to what will happen when the next deadline occurs.  With all the belt tightening measures including reducing services and the minimum wage structure, the Gre...
02/21/2012
Mortgage backed securities (MBS) closed down 28 basis points today have fallen all the way down to the 50 day moving average prior to closing just 1 basis point above it.  The 50 day moving average has been a strong level of support.  It has remained a trusty saftey net since October.  It will be...
02/21/2012
Another tease from Greece today indicating that a Greek debt deal might actually be reached, helped push stocks higher today.  Housing starts were higher than expected last month and initial jobless claims were at a low not seen since 2008 coming in at 348,000.  This improved the moving average a...
02/16/2012
Mortgage backed securities (MBS) closed down 34 basis points today at 103.41 having fallen right down to the support offered by the 25 day moving average and close there.  Bevies of good economic news came over the internet today causing dollars to flow from bonds back into equity markets.  The w...
02/16/2012
Happy Valentines Day to all you rainers out there.  Here is wishing you a pleasant journey with all the passions you afford yourself.  Mortgage backed seccurities (MBS) closed up 28 basis points today at 103.75 having taken another step upward toward the recent highs of all time.  Despite the hig...
02/14/2012
The Greek congress passed legislation containing some stringent belt tightening rules which should help with the rampant spending.  Unfortunately the Greek people themselves are sick of the stagnant economy and cannot envision even tighter spending which will cause them to deal with reduced benef...
02/13/2012
Mortgage backed securities (MBS) closed up 6 basis points today at 103.47 having remained above support offered by the 25 day moving average and remained within shooting  distance of the all time highs.  With some minor progress in the Greek debt crisis, albeit now frought with North Africa like ...
02/13/2012
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With no economic reports coming out today and bond traders cringing about the Treasury auction of $24 billion of 10 year notes after yesterday's 3 year auction garnered only a C+, stock futures were on the the rise this morning.  It seems Big Macs and Mc just about anything elses are still popula...
02/08/2012
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