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

ARCHIVED BLOG POSTS

2014 

Stocks stayed pretty close to even during the early part of the day in advance of the results of today's Federal Reserve OMC meeting today.  The Fed said that inflation was still under control, household spending is up while business spending is trending downward and that there have been gains la...
04/30/2014
Mortgage backed securities (MBS) closed up 31 basis points at 104.75 having pushed through resistance offer by the 104.65 level and come to rest just 3 basis points below resistance at 104.78.  The Fed released the results of its two day Open Market Committee today and revealed that another round...
04/30/2014
Mortgage backed securities (MBS) closed up 3 basis points today at 104.41 having come to rest exactly at resistance offered at the 104.41 level.  MBS bonds  did well to remain in the positive today with a strong performance in stocks and with the FED Open Marketing Committee revealing the results...
04/29/2014
Stock futures were promising this morning as they were viewing strong early results from European markets and a number of strong earnings reports from domestic corporations.  Their optimism turned into a strong open with the Dow surging 74 points ahead out of the gate.  Twitter was flat but manag...
04/29/2014
Stocks stayed pretty close to the deck in today's trading as the earning season continued to reveal its winners and losers.  Facebook and Apple revealed surprisingly strong results today.  The former showed huge increase in members and the latter announced a stock split favorable to shareholders....
04/24/2014
Mortgage backed securities (MBS) closed up 22 basis points today at 104.44 having remained above the four moving average levels and also broken through resistance at the 104.41 level once again.  the large green Japanese candlestick on the chart shows that the 4.0 coupon bond closed at its highes...
04/24/2014
After six positive sessions, S & P 500 futures opened slightly down this morning.  The raw data was actually there for a positive day as Boeing, AT&T, and Dow Chemical had strong earnings ahead of what the street expected.  Manpower actually tripled its profits in the first quarter.  The only cau...
04/23/2014
Mortgage backed securities (MBS) closed up 19 basis points today at 104.28 having once again overtaken resistance offered by the 50 day moving average and managed to close above all four moving averages once again.  Hopefully the move was enough so that we might improve rates tomorrow.  The 30 ye...
04/23/2014
Amid a bevy of earning reports, some good and some not, S & P 500 futures began pretty much flat.  A report showed that house prices in March we up 6.9% from 2013.  The strong growth from last year has slowed but good progress is still being made.  The Richmond Fed Manufacturing report show a nic...
04/22/2014
Mortgage backed securities (MBS) closed up 9 basis points today at 104.12 having passed through resistance offered by the 25 day moving average and come to rest just 12 basis points below the 50 day moving average.  MBS bonds managed a positive session despite a fairly strong showing in U.S. stoc...
04/22/2014
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