Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2013 

Stock futures pointed lower this morning in anticipation of the Durable Goods report.  Durable goods are items with a functional life longer than three years.  When they came in with a 3.3% increase, however, stocks continued their downward tread.  It seems that despite Ben Bernanke's assertive c...
05/24/2013
Mortgage backed securities (MBS) closed down 6 basis points at 101.62 having bounced off support offered at the 101.47 level and briefly popped through resistance at the 101.75 level.  This represents the fourth consecutive sell-off for MBS bonds on a Saturday earlier.  With the volatility we wit...
05/24/2013
Ben Bernanke certainly is a market maker.  Stocks were up nicely this morning prior to Ben's remarks schedule for this afternoon at 1 PM.  Ben basically said that he did not anticipate any change in his accommodative policy.  In other words he plans to continue buying both Mortgage Backed Securit...
05/22/2013
Mortgage backed securities (MBS) had one of the worst days I can remember today.  As of now they are down a whopping 103 basis points at 101.72.  That is their lowest level of the day and their appears to be a lot more room to drop.  Notwithstanding a quick correction, It appears that the Mortgag...
05/22/2013
Mortgage backed securities (MBS) closed up 41 basis points today at 102.72 having risen all the way up to touch resistance at the 102.75 level prior to closing just below it.  The fact that MBS bonds were able to bounce off support offered by the 102.09 and level and stage a 63 point comeback in ...
05/21/2013
         Stocks   Stock futures began the day somewhat higher as Consumer sentiment readings were up strongly in May. The Dow was up 64 point by 10AM and the rally was on in full force. A FED talking head said that he expected the buying of MBS bonds and Treasuries should slow some by the 4th qua...
05/21/2013
         MBS Market  Mortgage backed securities (MBS) closed down a whopping 59 basis points today at 102.50 having fallen through and closed below support offered at the 102.56 level. Another large red candlestick appeared on a Friday for the third consecutive week. Good news on consumer confide...
05/21/2013
          Rates  For a third consecutive week rates went up o a Friday.  The 30 year conforming loan was back up 3.75% on Friday.  The high balance conforming was all the way up 4.0% again.  Meanwhile the battle for jumbo mortgages goes on and as a result, those rates are still great.  The 30 yea...
05/21/2013
Stock futures began the day somewhat higher as Consumer sentiment readings were up strongly in May.  The Dow was up 64 point by 10AM and the rally was on in full force.  A FED talking head said that he expected the buying of MBS bonds and Treasuries should slow some by the 4th quarter of this yea...
05/17/2013
Mortgage backed securities (MBS) closed down a whopping 59 basis points today at 102.50 having fallen through and closed below support offered at the 102.56 level.  Another large red candlestick appeared on a Friday for the third consecutive week.  Good news on consumer confidence rallied stocks ...
05/17/2013
Rainmaker
1,540,173

JeffJensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author