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

ARCHIVED BLOG POSTS

2014 

With the drums of civil war beating in oil rich Iraq, stocks began the day with moderate losses.  Now if this had been ten years ago, the losses would have been much higher.  Today's more global awareness, however, allowed traders to know that much of Iraq's oil production is consumed at home.  I...
06/23/2014
Mortgage backed securities (MBS) closed down 22 basis points today at 102.12 having fallen through support offered at the 25 day moving average once again.  One would think that with Iraq appearing to be disintegrating into a bevy of fractious factions that bond traders would have thrived on the ...
06/23/2014
Stocks followed yesterday's moderate gain with another one today.  The S & P 500 set another record today with additional volume boosted by the quadruple witching day created by the expiration of stock options, index options, index futures and single stock futures.  The Dow closed up nearly 30 po...
06/20/2014
Mortgage backed securities (MBS) closed up 16 basis points today at 102.31 having slid right underneath resistance offered by the 25  day moving average prior to closing just one point below it.  MBS bonds began the day slowly before working their way back to a pretty nice gain.  Closing at the h...
06/20/2014
Stocks reacted similarly to bonds today moving up and down in fits and starts.  There are so many issues requiring attention today to include the escalation of fighting in Iraq and our reaction to it.  Our recent brush with inflationary movement and the FED's shift in policy to concentrate more o...
06/19/2014
Mortgage backed securities (MBS) close down 9 basis points today at 102.16 having pierced resistance offered by the 25 day moving average briefly prior to falling below it once more.  The long thin red candlestick for today show a broad range of pricing as traders tried to wrap their minds around...
06/19/2014
Stocks began the day downward path as traders were uncertain what the FED would have to say at the end of its Open Market Committee today.  Most pundits believed that they would continue tapering their accommodative purchasing program by another $10 billion each month.  With yesterday's scary inf...
06/18/2014
File this under "What a difference a day makes; 24 little hours."  Mortgage backed securities (MBS) closed up a whopping 56 basis points today a 102.25 having smashed through resistance at both the 50 day moving average and the 101 .97 level.  The good news is that the bond closed at its high of ...
06/18/2014
Stock futures pointed upward this morning after yesterday's gain and news that oil prices were remaining somewhat under control.  With the Fed meeting today and tomorrow it will be interesting to hear their take on today "juiced up" consumer inflation numbers.  This could serve to shorten their a...
06/17/2014
Mortgage backed securities (MBS) closed down a whopping 41 basis points today at 101.69 having fallen through support at the 101.97 level and the 50 day moving average.  Why was there such a fall when we were just wondering if rates would bounce up again as they did in mid May.  The dreaded "I" w...
06/17/2014
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