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

ARCHIVED BLOG POSTS

2014 

Mortgage backed securities (MBS) closed down 6 basis points at 104.59 having opened strongly and then fallen during the day before closing before closing below the support level at 104.62.  A favorable rating on Consumer Sentiment kept bonds from rallying as stocks were hemorrhaging once again.  ...
04/11/2014
If you look at 30 year fixed rates today, you might find yourself in a conundrum.  We are all used to seeing the conforming rates lower that the jumbo rates.  Here in Fairfield County we have what is called a high balance conforming rate.  That rates applies to loans over the conforming maximum o...
04/10/2014
Today was a dreadful day in the stock market.  the day started off welll enough with the report of only 300,000 initial jobless claims versus the 325,000 expected.  After yesterday's nice recovery, it seems traders were taking profits.  There are not expected to be many buyers in the market tomor...
04/10/2014
Mortgage backed securities (MBS) closed up 31 basis points today at 104.59 having passed well through resistance offered at the 104.62 level prior to falling back just under it by the close.  The long green Japanese candlestick indicates that the bond rose all the way up to 104,78 prior to capitu...
04/10/2014
With the ever increasing restrictions and limitations caused by the Dodd Frank legislation, borrowers are being forced provide more documentation than ever before.  In addition, the national focus on money laundering has cause even wealthy borrowers to document fairly small deposits.  The request...
04/10/2014
Mortgage backed securities (MBS) closed up 15 basis points today at 104.59 having remained above all four of the moving averages once again.  Today the bond actually rose up and crossed resistance at 104.62 prior to falling back below it prior to the close.  traders were buoyed by the fact that t...
04/08/2014
After three dismal days of trading stocks are significantly diminished.  In fact, the NASDAQ just experienced its steepest 3 day fall since 2011.  The Dow and the S & P 500 were at record level just last week and now are almost in free fall.  The dollar lost ground to the Euro today which usually...
04/07/2014
Mortgage backed securities (MBS) closed up 28 basis points today at 104.44 today having passed through three tough levels of support today offered by the 50, 25 and 100 day moving averages.   They now find themselves above all four important moving averages once again.  The next three days will h...
04/07/2014
Although today's government jobs report showed that 192,000 jobs were created, that was not enough for equity traders.  Stocks began the day moderately high but began to lose ground mid morning.  Apparently although the spoken expectation on the street was 195,000 jobs, many traders thought it wo...
04/04/2014
Mortgage backed securities (MBS) closed up 47 basis points today at 104.16 having broken through resistance offered by both the 200 and 100 day moving averages.  The large green Japanese candlestick shows that the 4.0% coupon bond closed within 6 basis points of its high for the day.  There was n...
04/04/2014
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Jeff Jensen

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