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

ARCHIVED BLOG POSTS

2012 

Mortgage backed securities (MBS) closed up 3 basis points today at 105.12 having remained well above support offered by the 25 day moving average some 45 basis points.  All the speculation about the Greek election that invoked the "safe haven" trade last week was diffused by the vicctory of the p...
06/18/2012
With as whacky a weekend and a coming week we are expecting, it was surprising to see stocks perform so solidly today.  Despite the impending Greek election and Tuesday's G20 meeting, stock traders were still betting on the FED to announce some additional accommodation after next Wednesday's meet...
06/15/2012
Mortgage backed securities (MBS) closed up an impressive 34 basis points today at 105.09 having distanced themselves nicely from support offered by the 25 day moving average below.  With all the drama unfolding this weekend with the elections in Greece offering the possiblity of putting some trul...
06/15/2012
Stock futures were flat this morning in anticipation of the consumer price index inflation numbers and this week's initial jobless numbers.  Also this weekend the Greek election returns are looming and creating doubt and uncertainty in global markets.  The jobs numbers grew by 6,000 last week and...
06/14/2012
Mortgage backed securities closed down 9 basis points today at 104.75 having fallen to within 7 basis points of  the 25 day moving average prior to popping back up to the close.  A strong stock market weighed heavily on bonds today as stock traders were dreaming about the possiblity of the FED in...
06/14/2012
Stock futures were pointing downward early today as traders were wary of news that might come from abroad.  It is kind of like walking under the railroad tressel with a newspaper over your head to protect from unwanted avian fallout.  They are never quite sure when something nasty might come from...
06/13/2012
Mortgage backed securities (MBS) closed up 19 basis points today 104.84 ending a streak of three consecutive losing sessions.  MBS bonds drifted down to the 25 day moving average before bouncing back up to the closing mark.  Markets are extremely volatile currently so I am watching the market mom...
06/13/2012
Mortgage backed securities (MBS) closed down 25 basis points today at 104.66 having dropped down to hit support offered by the 25 day movinga average prior to bouncing off it and closing a mere 13 basis points above it.  With a dearth of distress in Europe for the moment and a warmer attitude fro...
06/12/2012
Stocks began the day with moderate losses as traders were concerned about China's economy and a downgrade of Spanish debt.  It is amazing how fickle traders are.  Just yesterday they rallied as China cut its core interest rate in an attempt to ramp up its economy.  The equity markets began to ral...
06/08/2012
Mortgage backed securities (MBS) closed down 9 basis points today at 104.91 having reached up to touch resistance at the 105.18 level prior to being bumped down to the close.  Because pricing early was near the high, a re-price for the worse was invoked by many lenders today.  The 56 basis point ...
06/08/2012
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