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

ARCHIVED BLOG POSTS

2012 

Stocks, which have been languishing in uncertainty and pain in anitcipation of Ben Bernake's speech this morning, let loose g after the Fed Chief gave positive indications of quantitative easing in the near future.  The result was gains for stocks, bonds and commodiiites to inclued gold and crude...
08/31/2012
Mortgage backed securities (MBS) closed up a whopping 53 basis points today at 103.83 having pushed through and closed above resistance at the 103.78 level.  Ben Bernanke finally delivered his speech from Jackson Hole and there was enough indication that QE3 would be coming to give bonds the hat ...
08/31/2012
Concerns about Spain's need to obtan a Greek-sytle bailout had equity traders concerned this morning.  In addition, slumping retail sales in Japan reinforced today's selling trend.  Initial jobless claims numbered 374,000 for last week which was in line with the previous week and only 4,000 more ...
08/30/2012
Mortgage backed securities (MBS) closed up 19 basis points today at 103.28 having once again rallied to close above both the 25 and 50 day moving averages.  This mercurial behavior is partially due to economic events and partially due to traders posturing to position themselves for tomorrow's big...
08/30/2012
Stocks continued to do their best impression of the bouncing Betty landmine of years gone by which skipped along just above the ground before detonating.  Despite the improved news on home sales and a .2% positive adjustment for the second quarter GDP, most traders were still thinking ahead to Fr...
08/29/2012
Mortgage backed securities (MBS) closed down 22 basis points today at 103.09 having once again fallen through the double support offered by the 50 and 25 day moving averages.  After experiencing many days of light trading during which much of the MBS bonds offered were purchased by the FED, trade...
08/29/2012
Not surprisingly, with so little trading volumc in advance of Ben Bernanke's much anticipated speech on Friday in Jackson Hole, Wyoming, stock futures forecast little movement in prices this morning.  Yesterday had the lowest trading volume in equity markets thusfar this year.  Despite an excelle...
08/28/2012
Mortgage backed securities (MBS) closed up 6 basis points today at 103.31 having continued their sustained winning streak since their perilous plummet that began in late July.  MBS bonds have stabilized nicely causing interest rates to re-enter that comfortable zone in the 3.50% range to which we...
08/28/2012
As MBS bonds enjoyed a good day in advance of this week's $99 billion new Treaury issues being auctioned later this week, stocks skittered along near even more most of the session prior to selling off slightly i.nto the close.  Equity traders are still listening for some confirmation that QE3 wil...
08/27/2012
Mortgage backed securities (MBS) closed up 22 basis points today at 103.25 having closed abovethe two resistance levels offered by the 50 and 25 day moving aaverages.  MBS bonds, after selling off beginning July 31st, have made a strong comeback and are now 125 basis points above the historically...
08/27/2012
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