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 

The country is experiencing blasts of cold and snow in many of the areas which normally expect this irreverent weather at this time of year.  From the northwest, across the plains and into the northeast pedestrians, drivers and homeowers are preparing to deal with the white four letter word.  For...
01/19/2012
Stocks advanced again today in reaction to earnings improvements at Morgan Stanley and Bank of America.  The S& P closed above 1,300 for the first time in a long time.  This is an important milestone which could signal the return of a bull market.  Financials led the way as the Dow churned upward...
01/19/2012
Mortgage backed securities (MBS) closed down 25 basis points today at 102.75 having bounced down to test support at the 25 day moving average prior to bouncing up to close just 6 basis points above it.  Bank of America showed improved earnings and their stock is now up over 40% above its recent l...
01/19/2012
Good news from the Orient sent stocks futures jolitng ahead this morning.  It seems the Chinese Gross Domestic Product is back on target.  More good news came as the Empire Manufactuing report came in with its hottest reading in almost a year representing a 35% increase over last month's reading....
01/17/2012
Mortgage backed securities (MBS) closed down 6 basis points today at 103.12 having remained in the sideways trend that has been prevailing since October.  The FED continues to bolster MBS bonds by buying bonds with the proceeds of sales of its other holdings.  While in place, this practice will a...
01/17/2012
Disappointing news from the local front started stocks off with a stumble this morning.  New jobless claims were up more than expected coming in just under the 400,000 level.  More disappointing was the retail sales report which showed  just a .1% advance for December representing a fall from .4%...
01/12/2012
Mortgage backed securities (MBS) closed up 9 basis points today at 103.06 having wound up just 22 basis points below resistance above and still in a favorable spot indeed.  The stubby green candlestick representing today's trading range indicates that the markets future course may be at a crossro...
01/12/2012
There were no economic reports due out today but the Fed was due to publish its Beige Book.  The Beige Book is a report that presents experiences representing the 12 Federal Reserve Districts and results from interviews with market experts to reflect economic conditions across the country.  The r...
01/11/2012
Mortgage backed securities (MBS) close up 19 basis points at 102.97 having remained safely above the double support levels offered by the 25 and 50 day moving averages.  Despite the fact that the government incurred an additional $21 billion in long term debt today, the 10 year note auction recee...
01/11/2012
The National Federation of Business reported today that their constituents, small businessmen, had seen an improvement in their economic outlook in December.  This set a positive mood for the day which continued right up to the close.  With no major negative news coming from Europe, stock traders...
01/10/2012
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