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

ARCHIVED BLOG POSTS

2014 

Stocks are now on a four day run upward after taking some losses the previous weeks.  We are now squarely in the middle of the earnings season and there are some well performing entities in the marketplace.  With most of the European markets closed for an Easter Monday holiday and no economic rep...
04/21/2014
Mortgage backed securities (MBS) closed up 9 basis points today at 104.06 having slipped below the 25 day moving average just three basis points above while still retain the support just below offered by the 100 and 200 day moving average.  We are cautiously floating for the moment in hopes of ga...
04/21/2014
Financial markets in the United States were closed today in observance of Good Friday.  Many companies were closed and others closed early.  After yesterday's steep decline in MBS prices it will be interesting to see where rates go from here.  I hope you all have a pleasant holiday weekend.  It y...
04/18/2014
Mortgage backed securities (MBS) closed down 44 basis points today at 104.00 having fallen through dual levels of support offered by the 104.41 level and the 50 day moving average.  The 4.0 coupon bond still has the three moving averages below it as support.  The long red Japanese candlestick put...
04/17/2014
Stocks started the day on a positive note and the Dow was up 100 points by 9:40.  Improved manufacturing date from China combined with a strong earnings report from Yahoo afforded traders a chance to allay their fears.  to complement that the FEDs' beige book pointed to improved activity in the e...
04/16/2014
Mortgage backed securities (MBS) closed down 6 basis points today at 104.41 having fallen down to land squarely at the resistance offered and that level and remained just above support offered by the 50 day moving average.  MBS bonds did well to lose so little ground today in the face of rather b...
04/16/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 104.44 having run up close to resistance offered at the 104.62  level prior to closing once again just above support at the 104.41 level.  Slight increases in inflation kept MBS bonds from making too much progress today.  The cons...
04/15/2014
Stock had quite a mercurial day with the Dow having soared up near the 160 point mark before falling below 30 only to finish up 146 points.  Stock futures were up early this morning as traders hoped to leave last week's dismal memories in the rear-view mirror.  Citigroup opened the day on a cheer...
04/14/2014
Mortgage backed securities (MBS) closed down 15 basis points today at 104.41 having soared upward within three points of resistance offered at the 104.62 and fallen through support before closing right at it.  The bond rests precariously just 10 basis points above support at the 25 day moving ave...
04/14/2014
Stocks bean the day attempting to rally but continued to encounter strong headwinds and buffeting as the day wore on.  Despite a positive reading on consumer sentiment and the lowest initial jobless claims in almost seven years stocks were pummeled.  Next week there will be economic reporting to ...
04/11/2014
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Jeff Jensen

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