Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2014 

Despite being at or around all time highs today, a good jobs report propelled stocks higher yet.  Even thought the 217,000 jobs reported were mostly low paying service jobs and the unemployment rate remained at 6.3%, traders liked the fact that the economy was heading north of the negative readin...
06/06/2014
Mortgage backed securities (MBS) closed down 6 basis points today at 102.38 having soared 31 basis points above resistance a the 102.53 prior to closing just 3 basis points above the 25 day moving average.  A positive jobs report prevented the 3.50% coupon bond from making any significant strides...
06/06/2014
Many years ago today I graduated from the College of William and Mary in Williamsburg, Virginia.  The day before I had been commissioned a 2nd Lieutenant in the Army.  That was quite a time to be in college.  Instead of being jeered like on most campuses, our ROTC unit was cheered as it marched a...
06/04/2014
Stock futures pointed downward this morning in advance of ADP's job figures.  When the report came out ADP showed only 179,000 jobs created versus the 200,000 expected.  As I have noted before, ADP numbers are sometimes suspect.  They also revised April's number slightly downward.  Stock skittere...
06/04/2014
Mortgage backed securities (MBS) close up 10 basis points today at 102.22 having pushed through resistance offered by the 25 day moving average prior to closing 6 points below it.  today's resurgence ended a four day skid for bonds as they had retreated from 15 month highs.  We will have to watch...
06/04/2014
Mortgage backed securities (MBS) closed down 43 basis points today at 102.16 having fallen through two levels of support winding up below the 25 day moving average.  Due to the lofty level where bonds had been trading, we had just shifted from the 4.0 coupon to the 3.5% coupon.  Remember that 75 ...
06/03/2014
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