Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2013 

         What do you do if you have a lot of money but your income does not qualify you for a mortgage.  As much as pensions, social security, and 401k dividends may contribute , many older Americans cannot qualify for a mortgage.  If they have substantial holdings, the answer may be “asset dissi...
05/31/2013
         Where are stocks going from here?  How do we tell if the stock market has reached its peak?  Is a late day 208 points selloff like we had Friday afternoon a big enough harbinger?  The Dow Jones industrials and Transportation indices, the S& P 500 and the Russell 2000 have all hit new hig...
05/31/2013
         MBS Market -  MBS  bonds had another rough week.  Last Friday the 3.0% coupon bond closed at 101.625.  At one point Friday afternoon the bond was down to 100.00 even before bouncing off support and closing at 100.66.  This time the effect of those huge drops off really shows in the inter...
05/31/2013
Rates  Interest rates have continued their climb over the past week.  The 30 year conforming rate as of close of business Friday was at 4.125%.  The high balance conforming for loans up to $601,450 was up to 4.25%.  Ironically the jumbo 30 year fixed for loan up to $1.5 million was only at 4.00%....
05/31/2013
The second reading on the first quarter GDP today was expected to be a 2.5% increase.  This had stock futures rising this morning in anticipation of a good day in the trading pits.  When the official number came out, however, the increase was only 2.4%.  Despite the disappointment, stocks opened ...
05/30/2013
Mortgage backed securities (MBS) closed up just 3 points today at 100.97 having closed just 9 basis points above support offered by the 100.88 level which it reached on Tuesday.  After Friday's huge selloff, MBBS bonds have made a modest recovery.  Interest rates have risen across the board as a ...
05/30/2013
Easy come, easy go as they say.  Yesterday stocks gained 106 points.  Today the Dow lost 106 points.  The volatility in the market is said to be based on the fact the the Fed minutes disclosed that some of the voting members of the Open Market Committed we against keeping the Fed's easing program...
05/29/2013
Mortgage backed securities (MBS) closed up a surprising 59 basis points today at 100.88 having risen up exactly to the next resistance level and stopped exactly on it.  After yesterday's massive sell off MBS bonds did well to bounce back as well as they did.  They were helped by stocks which gave...
05/29/2013
Stocks closed up today keeping pace with European markets as traders reached a comprehensive acclaim bout the  continuation of quantitative easing both here and in Europe.  The continued endeavor to keep rates low and pump up equity markets and hopefully economic growth by buying Treasury equival...
05/28/2013
Mortgage Backed Securities (MBS) closed down an astonishing 134 basis points today at 100.28 having fallen through all support levels and closed the week almost 400 points below recent highs.  Early news from Europe regarding continued quantitative easing forced money out of fixed rate products t...
05/28/2013
Rainmaker
1,470,166

Jeff Jensen

Ask me a question
*
*
*
*