Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2013 

Mortgage backed securities (MBS) closed up 3 basis points today at 104.38 having moved ever closer to the dual level of resistance offered by the 25 and 100 day moving averages.  although still maintaining a floating bias, the fact that MBS bonds are still lingering below those level could prove ...
01/16/2013
Stocks were off to a slow start today as equity markets in Europe were having a rough day.  There was some positive information as Retail Sales improved by .5% as opposed to the .2% expected.  Minutes later the Empire State Manufacturing Index, which acts as a barometer for future capital expendi...
01/15/2013
Mortgage backed securities (MBS) closed even today at 104.38 having remained just below the dual level of resistance offered by the 100 day and 25 day moving averages.  Bonds started out well this morning as stocks were selling off slightly.  Bonds remain in the two year channel of advancement an...
01/15/2013
With no economic reports due to come out today stock traders looked for other new.  When Japan's prime minister hinted that he may consider my buying foreign bonds including U.S. Treasuries, bonds saw early gains while stock futures sold off somewhat.  Many Fed speakers commented on low inflation...
01/14/2013
Mortgage backed securities (MBS) closed up 12 basis points today at 104.38 having come with in 15 basis points of double resistance offered by the 100 day and 25 day moving averages.  This represents the third consecutive day that MBS bonds have failed to close above that level.  Should they rema...
01/14/2013
Mortgage backed securities (MBS) closed down 19 basis points today at 104.38 having fallen once again below the support of the 100 day moving average.  That support level, which was just surpassed yesterday, will now become resistance.  Fortunately MBS bonds are still above the technically import...
01/10/2013
Mortgage backed securities (MBS) closed up 19 basis points today at 104.56 having broken through resistance offered by the 100 day moving average and come to rest just 9 basis points below the next level of resistance at the 25 day moving average.  MBS bonds did well to advance today considering ...
01/09/2013
      Interest rates rose slightly last week in reaction to the Fed revealing that nearly half the voting members of the Fed Open Market Committee thought QE3 should end this year.  The 30 year fixed conforming rate rose to 3.625% for the first time in months form single family house and to 3.75%...
01/07/2013
0 Comments
       MBS bonds which had reacted badly to the “fiscal cliff” bill being passed, suffered further from the FED announcement.  Stocks too were affected.  When the minutes of the recent FED open market were released, stocks gave up their gains.  The minutes revealed that 50% of the voting market c...
01/07/2013
Mortgage backed securities (MBS) closed up 6 basis points today at 104.25 having closed near the high of the day just 19 basis points below resistance being offered by the 100 day moving average.  The candlesticks of recent days form a "Counter attack line" pattern.  Normally that is seen as a po...
01/07/2013
Rainmaker
1,470,166

Jeff Jensen

Ask me a question
*
*
*
*