Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2012 

News from the Iberian peninsula had a deliterious affect on equity markets today as Spain with its 24% unemployment and faltering economy choked on its austerity measures and the hiccup was heard around the world.  A weak portrayal of purchasing managers' activites caused the Chicago PMI to furth...
04/30/2012
Mortgage backed securities (MBS) closed up 12 basis points today at 103.84 having climbed ever closer to resistance offered by the record high of all time just 41 basis points above.  More bad news about Spain's sputtering economy and extremely high levels of unemployment caused a return to the "...
04/30/2012
Despite some negative earnings reports from several sources, stock rallied today on the strength of a large increase in pending home sales.  This indicates that there will be many closings in the near future, which will reduce inventory and get mortgage money moving.  The more sales the more the ...
04/26/2012
Mortgage backed securities (MBS) closed up 16 basis points today at 103.59 having remained once again in the comfortable cushion between the moving averages and the high of all time.  With both positive and negative news in the market place today stocks, bonds and gold all closed higher with each...
04/26/2012
Normally I write my blog and then determine what the headline ought to be.  Today choosing the headline was easy.  Apple's sales of telephones and tablets were so prolific and so profitable that their stock took off like a skyrocket and took the tech heavy NASDAQ on a ride rarely seen.  The other...
04/25/2012
Mortgage backed securities (MBS) closed down just 3 basis points today at 103.44 having remained in a safe zone above technical support and just below the all time highs.  Trading was fairly calm today until the Fed once again omitted any mention of QE3, qunatative easing, in its minutes.  There ...
04/25/2012
Mortgage backed securities (MBS) closed down 19 basis points today at 103.50 having fallen away slightly from their recent acsent toward the highest level of all time.  Stocks bounced back somewhat from yesterday's losses and bonds took the brunt of their gains.  Traders really have their eyes on...
04/24/2012
Mortgage backed seccurities (MBS) closed up 12 basis points today at 103.69 having inched ever higher to the all time high and closed just 56 basis points below the pinnacle.  Bonds were buoyed by continued fears about debt levels in Italy, Spain, Ireland and, of course, Greece.  Although the IMF...
04/23/2012
Stocks moved ahead nicely today in reaction to some better than expected earnings reports from some heavy hitters in the market.  Would you like Fries with your electronics and software?  Dow components McDonalds, GE and Microsoft all lead their sectors with solid earnings last quarter.  Next wee...
04/20/2012
Mortgage backed securities (MBS) close unchanged today at 103.56 have remianed settled in a niche between support offered by the 50 day moving average and the lofty cieling of the all time high above.  MBS  bonds did well to tread water as stocks advanced nicely on the wings of some solid corpora...
04/20/2012
Rainmaker
1,507,907

JeffJensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author