Jeff Jensen's Blog

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



With very little volume markets can experience large swings.  Today this is exacerbated by the fact that many traders have already left their post and trades are being executed by junior traders who don't have all the skills of their leaders.  The ADP jobs report came out showing that 281,000 new...
Mortgage backed securities (MBS) closed down 28 basis points today at 102.22 having fallen through support offered by the 25 day moving average.  After looking late last week as if bonds were going to test recent highs, as it often does, resistance got the better of them.  With very little volume...
Stocks had a banner day today as reports came in telling of gains in productivity from both China and the United Kingdom.  Both the Dow and the S & P 500 closed at record highs and the NASDAQ took strides closer to its all time high back in 2000.  At one point during the session, the Dow came pre...
Mortgage backed securities (MBS) closed down 28 basis points today at 102.50 having fallen through support offered by the 102.53 level and closed at their low for the day.  Money flowed out of MBS  bonds and Treasuries today as stock went on a tear flirting with all time highs.  With the jobs rep...

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