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

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2014 

Mortgage backed securities (MBS) closed up 16 basis points today at 105.56 having once passed through resistance offered by the 25 and 50 day moving averages.  Despite a good day in equity markets, MBS bonds were buoyed by hedge funds of course the Fed's purchasing program.  The modest gains kept...
08/13/2014
Stocks opened mildy lower, dipped during the day and then closed just slightly lower.  One of Fed Chief Janet Yellen's favorite employment indicators the JOLT (Job Openings and Labor Turnover Survey) showed a nice increase over May today.  Despite a C minus rating on today;s Treasury auction, bon...
08/12/2014
Mortgage backed securities (MBS) closed up 3 basis points today at 105.41 having once again remained just below resistance offered by the 25 and 50 day moving averages.  today geo-political news remained fairly calm as news outlets concentration on Robin Williams death than deadly skirmishes.  Th...
08/12/2014
A perceived calming of the the tensions in Ukraine and Iraq was prevalent this morning which allowed stocks to drift upward early in the session.  The Fed's Stanley Fisher had some gloomy comments today suggesting the economy might result in a "permanent downshift of economic potential".  Wow tel...
08/11/2014
Mortgage backed securities (MBS) closed flat today at 105.38 having remained just below the double resistance offered by the 25 and 50 day moving averages.  With little global or economic news today MBS bonds stayed pretty much tethered to their anchor.  there are no economic reports due out tomo...
08/11/2014
Domestic stock markets started well this morning, began to falter and then took off toward what turned out to be a much needed rally.  After a rough couple weeks the news of our "humanitarian" air strikes in an effort to protect an isolated remote sect and some 100 or so American advisers on the ...
08/08/2014
Mortgage backed securities (MBS) closed down 3 basis points today having remained above the double support offered by the 25 and 50 day moving averages.  MBS bonds did well to hold their ground in the face of a strong performance by U.S. equities.  Fixed rates remained at bargain levels today as ...
08/08/2014
Stocks are expected to open higher as new unemployment claims were below expectations.  News came out that both Fannie Mae and Freddie Mac made profits in the second quarter and paid back significant chunks of the money they had borrowed from the government while the Bank of England and the ECB k...
08/07/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 105.72 having broker through resistance offered by the 25 and 50 day moving averages and closed within 3 points of its high for the day.  Both those events bode well for MBS bonds in the short run, especially with all the bad new...
08/07/2014
Despite all the rumors to the contrary, interest rates remain near historic lows. With house prices still representing comparative bargains, buyers continue to have a remarkable opportunity to upgrade their homes for low monthly payments. The Fed has made it clear that they will be raising rates ...
08/06/2014
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Jeff Jensen

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