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

ARCHIVED BLOG POSTS

2013 

Markets in both Europe and Japan had nice advances today which kept domestic traders open to success.  S& P futures were ahead slightly but after the open stocks on the Big Board tumbled in a split market.  Homes sales were down below expectations in this market which has become used to positive ...
04/22/2013
Mortgage backed securities (MBS) closed up 6 basis points today at 104.22 having remained in the safe zone above support offered by the 100 and 200 day moving averages and just below some high prior closing resistance lines.  Stocks floundered early but then turned positive toward the close.  Nev...
04/22/2013
MBS Bonds remained in a good channel above all moving averages and just below extremely high resistance levels.  The MBS bond pricing is back in the rarified air that we saw for much of last year.  This continues to bode well for a continuation of our strong spring market.  Hopefully we can get t...
04/19/2013
          Rates have remained low over the last week despite wild swings in the stock markets.  The conforming 30 year fixed will begin the week at 3.50% and the high balance for Fairfield County only remained at 3.625% again this week.  We still had a jumbo 30 year at 3.75% and the jumbo ARMS re...
04/19/2013
1.       Under Water – Those who have mortgages that are greater than the value of their house can benefit from the Harp 2.0 program.  I have a fellow right now who has a$417,000 first mortgage and a $156,000 on a house worth $440,000.  He can refinance with a loan to value of 130% (as long as th...
04/19/2013
Stocks had another poor session today as the earnings season progresses.  It seems that traders are overreacting somewhat.  Normally even if earnings are flat and positive forecasts for future periods are remaining in place, that is seen as good news.  In this market, however, that is creating ad...
04/18/2013
Mortgage backed securities (MBS) closed up 9 basis points today at 104.25 having remained in safe channel above the double support offered by the 100 and 200 day moving average and just 13 basis points below the next resistance level above.  After moving slowly over the past few weeks of rising M...
04/18/2013
Mortgage backed securities (MBS) closed down 19 basis points today at 104.09 having remained in a trading range above support offered by the 100 and 200 day moving average and below two historic technical levels above.  MBS bonds have continued to do well despite high volatility in the equity mar...
04/16/2013
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      MBS Market – MBS Bonds bucked the trend last week and continued to advance in the face of record high equity market closing.  See the chart of Japanese candlesticks.  This all bodes well for a continuation of our strong spring market.  Hopefully we can influence buyers waiting in the wings ...
04/16/2013
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      Rates have continued to improve over the last week despite positive trading in the stock markets.  The conforming 30 year fixed will begin the week at 3.50% and the high balance for Fairfield County only was bask down to 3.625% for the first time in a while.  We still had a jumbo 30 year at...
04/16/2013
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