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

ARCHIVED BLOG POSTS

2014 

After Monday's huge sell-off and yesterday substantially neutral day in equity markets, stocks surged today.  Partially in response to an improved number for initial jobless claims and positive moves at the European Central  Bank and the Old Lady of Threadneedle Street (aka The Bank of England) s...
02/06/2014
Mortgage backed securities (MBS) closed down three basis points today at 104.62 having been able to remain above support offered by the 200 day moving average once again.  Bonds did especially well to hold the line in the face of a nice rally in the stock market.  The king tomorrow will be the jo...
02/06/2014
After days of extreme volatility recently, stock markets more closely resembled a placid pond today as none of the three major indices moved much at all.  ADP's sometimes skeptical Jobs report landed at 175,000 which was almost exactly the number the street expected.  After the ISM's manufacturin...
02/05/2014
Mortgage backed securities (MBS) closed down 18 basis points today at 104.66 having drifted closer to support below offered by the 200 day moving average.  Goods news from the Institute for Supply Management's services sector created a little leak in the balloon that had carried MBS bonds to thei...
02/05/2014
After yesterday's debacle in equity markets here, investors did some bargain hunting today and found some nice opportunities.  Stocks were moderately higher with no economic reports to distract traders from their pursuit of the freshly discounted prices.  With the ADP jobless claim report and ISM...
02/04/2014
Mortgage backed securities (MBS) closed down 19 basis points today at 104.91 having dropped below support offered at the 105. level while remaining well above the 200 day moving average.  Despite yesterday's closing signal, MBS bonds were not able to sustain the gains it had achieved.  With the 3...
02/04/2014
As well as bonds did today, stocks did poorly.  Funds flowed out of stocks today the way water flows into a torpedoed ship.  A poor Institute of Supply Management report along with the already jittery international markets through stock traders a real curve today and stocks plummeted.  The headli...
02/03/2014
Mortgage backed securities (MBS) closed up 31 basis points at 105.12 having passed through resistance offered by the 105.00 level.  The large green candlestick not only shows a hugely successful session but also tells us that the bond closed at its high of the day.  As you know, that portends wel...
02/03/2014
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Jeff Jensen

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