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

ARCHIVED BLOG POSTS

2012 

Stocks started off the day with a dismal disdain of the continued wrangling in Europe over the debt crisis.  Greece was acting hopeless just as Portugal entered the stage will a giant dollup of its own financial malaise.  This crisis may have more life in it than any of us care to believe.  After...
01/30/2012
Mortgage backed securities (MBS) closed up 3 basis points today at 103,72 having soared into record territory prior to settling just above level.  The large red candle stick just below resistance is probably a great indicator that it is time to sell.  More "safe haven' trade from the dismal lack ...
01/30/2012
Stocks began the day with continued exuberance from yesterday's Fed comments, bu then reality stepped in a ruined the party.  To add to the celebration Caterpillar reported huge increases in profits.  The really good news here was that unlike the past few good reports stemming from sales in place...
01/26/2012
Mortgage backed securities (MBS) closed up 44 basis points today at 103.47 having closed above the high of October 3rd last year.  Where can bonds go from here, you might ask.  The answer maybe down as historically when rates have hit near this level, there has been a quick sharp selloff.  I do n...
01/26/2012
Stocks started off the day down over 80 points but they too had a tremendously favorable reaction to the FED decision to keep rates at present low levels through the end of 2014.  This replaced their previous pledge to keep them low until mid 2013.  Because the underlying bonds that determine our...
01/25/2012
Mortgage backed securities (MBS) closed up 41 basis points today at 103.06 having run all the way up to test resistance at the record high of 10/3/11.  MBS bonds went rocketing upward today after the FED released word that they would keep mortgage rates at today's extremely low levels through the...
01/25/2012
Today was a slow day in equity markets as there was no economic reporting and despite being the in the corporate earnings reporting season, there no developments there either.  We would see continued progress this week, however, as the Treasury is set to auction $99 billion in new issues this wee...
01/23/2012
Mortgage backed securities (MBS) closed flat today at 102.66 after having spent most of the day in negative territory.  MBS bonds closed just 4 basis points below resistance offered by the 25 day moving average and above support at the 50 day moving average.  This represents the second close belo...
01/23/2012
Stocks had another good day today as news out of Europe was comparatively tame ahead of a summit of financial ministers scheduled for next week.  There is talk of putting in place alarms which would sound if individual members of the European Union stray from their strictly imposed deficit limits...
01/20/2012
Mortgage backed securities (MBS) closed down 9 basis points today closing at 102.66 haing fallen just three basis points below long term support offered by the 25 day moving average.  Fortunately the 50 day moving average provides another level of support 35 basis points below.  A strong perfoman...
01/20/2012
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