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

ARCHIVED BLOG POSTS

2013 

Mortgage backed securities (MBS) closed down 12 basis points today at 103.19 having fallen farther below resistance offer by the 100 day moving and having coming preciously close to the support below at 103.06.  The downward slipping was not unexpected after yesterday's foreboding closing candles...
12/12/2013
Whoops!!  Yesterday I spoke about equity traders taking profits.  Well it was a good thing they did because they saved all the money that came out of stocks today.  With no economic reports to focus on, what do you think traders thought about?  You guessed it.  The ubiquitous worry of what the FE...
12/11/2013
Mortgage backed securities (MBS) closed down 47 basis points today at 103.31 having fallen father away from resistance offered by 100 day moving average and crashed through support at the 103.48 level.  The worse news is that the bond closed at its low of the day.  The resulting large red Japanes...
12/11/2013
Stock careened from side to side in a dismal swamp today or should I say a foreboding bog.  With little economic news to influence markets, equity traders sold stocks to take profits from Friday's large gains.  It is a good time of year to pad one's pockets after some sweet opportunities.  The Do...
12/10/2013
Mortgage backed securities (MBS) closed up 28 basis points today at 103.81 having come within 9 basis points of resistance offered by the 100 day moving average above at 103.99 prior to falling away just 9 basis points at the close.  Today's $30 billion 3 Year note auction went well and garnered ...
12/10/2013
With no jobs report to rally around, equity traders were forced to dance around the speculation about the FED getting close to pulling the trigger to initiate the tapering their QE3 program.  With Janet Yellen being a big proponent of purchasing the Treasuries and MBS bonds, I am betting it will ...
12/09/2013
Mortgage backed securities (MBS) closed up 9 basis points today at 103.84 having risen up to within 2 basis points of resistance offered at the 103.99 level prior to falling off prior to the close.  MBS bonds had been down slightly during the day prior to recovering from last Friday's jobs report...
12/09/2013
5 Comments
I had clients who wanted to buy a house and had very little money.  The price was under $200,000. which in my area is a tiny deal.  We began looking in October of 2012 and they looked at house after house before finally finding the type of "deal"  they were looking for.  They were difficult becau...
12/06/2013
Mortgage backed securities (MBS) closed up 34 basis points today at 103.75 after having fallen back  to 103.06 early in the day in reaction to the strong jobs report.  That allowed MBS bonds to close above the 103.48 level which became resistance just yesterday.  Comments from Chicago FED Preside...
12/06/2013
Stocks were down for their fifth consecutive session.  Once  again eschewed the normal reaction of rising on good news with traders nearly paralyzed in fear that the economy might do so well that the FED may move up their tapering process.  This is becoming a daily palsy that grips and truly stul...
12/05/2013
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