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

ARCHIVED BLOG POSTS

2014 

The Empire State Production report came in right in line with expectations.  Today's housing data was a little softer that expected.  One would have thought stocks would be lackluster today.  Instead they took off running as traders hunted for recently created bargains.  European currencies and t...
03/17/2014
Mortgage backed securities (MBS) closed down 19 basis points today at 104.22 having fallen through double support offered by the 50 and 100 day moving averages and closed just one basis point below them.  The 200 day moving average remains as support just below.  although housing data was less th...
03/17/2014
Stocks struggled once again today partially in reaction to a poor consumer sentiment reading. Stocks opened slightly prior to waffling up and down throughout the morning.  After yesterday's strong advance in MBS markets they too had a rough day.  Interest rates have remained quite low after the s...
03/14/2014
Mortgage backed securities (MBS) closed down 12 basis points today at 104.41 having fallen below support offered by the 25 day moving average but remained above both the 50 and 200 day moving averages.  Bond prices struggle today despite low readings on inflation, a weak consumer sentiment readin...
03/14/2014
the decline in Chinese productivity continued to drive stocks downward today as traders considered how closely our economy is tied to theirs.  They are a major producer and we are major consumers.  The result was money flowing out of equities and into fixed rate investments such as bonds, Treasur...
03/13/2014
Mortgage backed securities (MBS) closed up 41 basis points today at 104.56 having blasted through resistance offered by the 25 day moving average and remained above the 50 and 200 day moving average.  Yesterday's occurrence of the 50 day moving average passing the 200 moving average for the first...
03/13/2014
Stocks experience another down day today.  European markets continued to react poorly to a perceived slowing Chinese markets.  With no economic data to weigh, traders let stocks slide a little bit lower.  Continued uncertainty regarding Father Russia and its wayward siblings made traders addition...
03/12/2014
Mortgage backed securities (MBS) closed up 25 basis points today having nestled into a channel below resistance offered by the 100 day moving average and above support at the 200 moving average.  The aversion equity markets are having to hiccups in Chinese productivity are helping bonds.  Today t...
03/12/2014
A quick burst of profit taking caused U.S. equity markets to give back some of recent gains.  A nice little advance in recent days afforded traders the opportunity to line their purses today.  The Dow Jones Industrials sold off 67 points while the S&P 500  and the NASDAQ had smaller losses of 9 a...
03/11/2014
Mortgage backed securities (MBS) closed down 6 basis points today at 104.22 having remained once again in a channel below resistance offered by the 25 moving average this time right at the 100 day moving average and just above the 50 day moving average.  There was little new to cause markets to m...
03/11/2014
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