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 

ADP has always come under scrutiny when its Thursday estimate of the number of new jobs created is substantially different from the governments numbers.  The question that begs to be asked is which organization has the numbers wrong?  This month the variance was nearly 100,000 and a lot of money ...
07/06/2012
Mortgage backed securities (MBS) closed up 28 basis points today at 105.75 having set yet another record for the all time high close.  Just when you thought bonds just could not go any higher and interest rates could no go any lower, that is exactly what happened.  Of course, the big news that pr...
07/06/2012
Stocks had a hard time finding their way today as mixed economic news seemed to mistify the few traders were working on this holiday shortened week.  The Eurpoean Central Bank (ECB) lowered its rate by .25% today in order to free up money  so banks could lend at lower rates in an attempt to stimu...
07/05/2012
Mortgage backed securities (MBS) closed up 19 basis points today at 105.47 having bounced up to and landed on the next level of resistance.  Having done so, MBS bonds closed at the highest level of all time.  This was not an easy achievement with the bond as overbought as it is.  Stocks were up a...
07/05/2012
After yesterday's slight loss, stocks forged into positive territory nearing the 13,000 mark for the first time in months.  With no economic reports being released today stocks drifted higher in a shortened pre-holiday session.  During one of the lightest trading days of the year, continued optim...
07/03/2012
Mortgage backed securities (MBS) closed down 19 basis points today at 105.25 having dipped down to touch support offered by the 25 day moving average prior to closing above it.  the Japanese candlesticks are showing a double top pattern which normally bodes poorly for the short term.  We recommen...
07/03/2012
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