Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2013 

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  Please accept my best wishes for a healthy, happy and prosperous New Year!   I have attached my New Year poem.  I hope you enjoy it and feel free to share it as you wish.  Happy New Year!!                A Year of Promise           Wonder and amazement abound   Through the air rushes the sound ...
12/31/2013
Stocks not surprisingly marched to another record high close for the Dow Jones Industrials today as the Santa Claus rally kept up its rigorous pace.  Not since basic training or the North Korean Army in ceremony has the lock step been more resolute.  It will be interesting to see what 2014 will b...
12/31/2013
Mortgage backed securities (MBS) closed down 22 basis  points today at 102.94 having fallen through an historically stalwart support level offered at 103.06.  After yesterday's good showing, bonds fell flat today leaving behind a gloomy foreboding long red candle.  Rather than dwelling on the neg...
12/31/2013
With a dearth of traders in the pits, stocks skittered along near the floor today in a mixed session with the NASDAQ and S & P 500 showing slight losses and the Dow Jones Industrials setting yet another new record.  With more traders on holiday than actually trading, the market did well to stay a...
12/30/2013
Mortgage backed securities (MBS) closed up 28 basis points today at 103.16 having pushed throught and closed above resistance offer at the 103.06 level.  As I have recently stated, that level has historically been a tough resistance and strong support level.  The fact that the bond closed above t...
12/30/2013
With Santa Claus having come and gone, his residual gifts are still being seen on the trading floors around the globe.  Asian markets fared particularly well on Christmas and we were happy to ride their tails today here in the U.S..  All of the increases in last week intitial jobless claims were ...
12/26/2013
Mortgage backed securities (MBS) closed up 12 basis points today closing at 102.84 having remained above support at the 102.66 level but still below powerful resistance offered at the 103.06 level.  The fact that the bond closed at its high for the day in the short term.  I just had a client to m...
12/26/2013
As bonds trended lower, stocks has the pleasure of riding the up escalator.  Equity traders were still riding on the euphoria created by the Fed's long term low rate guarantee and the limited amount of tapering which they announced.  The tech heavy NASDAQ was up  a whopping 44 points today while ...
12/23/2013
Mortgage backed securities (MBS) closed down 9 basis points today at 103.16 having remained in a troth stuck below resistance offered by the 103.48 level and above support at the historically stalwart 103.06 level.  With few traders in the pits due to the impending holiday, volume in MBS markets ...
12/23/2013
The number 1 was the featured number today in domestic equity markets.  Outcomes were mixed as the NASDAQ was down 11, the S&P 500 was down 1 and the Dow was up 11.11.  After yesterday's nearly 300 point gain, traders took profits today and added to their war chests prior to year end.  It looks a...
12/19/2013
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