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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 19 basis points today at 104.84 having fallen ever closer to support offered by the 200 day moving average just 13 bps below.  Historically of late the 200 day level has help and MBS bonds have experienced a pretty nice rebound after approaching it.  F...
09/12/2014
Stock futures opened lower this morning reacting to a poor reading on initial jobless claims.  Stocks did open lower and spent most of the day down before closing mixed.  Oil traded all the way down to $90.58 a barrel before closing at up at $93.16.  Tomorrow will bring reports on Retail Sales an...
09/11/2014
Mortgage backed securities (MBS) closed down 6 basis points today at 105.06 having remained below resistance offered by 105.21 and above support at the 104.93 level.  This week initial unemployment claims rose to 315,000 which gave bonds a little boost early in the session,  Today's Treasury auct...
09/11/2014
With no economic reports to ponder today, equity traders opened the morning with some quiet profit taking.  Some speculation about hawkish Fed activities allowed them to improve throughout the day making up some of yesterday's losses.  Loan applications fell last week despite what seemed like a p...
09/10/2014
Mortgage backed securities (MBS) closed down 19 basis points today at 105.12 having fallen through the 50 and 100 day moving averages after yesterday 34 point reduction due to the monthly rollover.  Fears of a hawkish Fed and a "C" on today Treasury auction kept bonds slumping as they fell off th...
09/10/2014
After the San Francisco Fed shook up the MBS and Treasury markets today, stocks quickly followed suite.  With no economic news coming out to deflects investors from the prospect of higher rates, stock traders went into selling mode.  That having been said there is also strong speculation that the...
09/09/2014
Mortgage backed securities (MBS) closed down 22 basis points today at 105.66 as they fell below support offered both at the 105.81 level and the 25 day moving average.  Researchers at the San Francisco Fed reported that the Fed would raise rates much faster than investors thought they would.  Thi...
09/09/2014
Stock futures were not particularly conclusive this morning with little news to influence them.  With stocks near their all time highs stocks drifted lower at the opening.   Oil hit some new lows  for the quarter as General Electric sold ifs appliance wing to Sweden's Electrolux for $3.3 Billion....
09/08/2014
Mortgage backed securities (MBS) closed up 3 basis points today at 105.88 having closed above support offered by the 105.81 level.  With no economic reports to influence traders, we are recommending that buyers who will be closing within the next few weeks lock there rates.  The global news is so...
09/08/2014
Stock futures opened slightly higher this morning as mixed messages were coming in from around the globe.  Vladimir Putin kept up his testy banter as news about his annexing more of Ukraine floated globally.  Oil prices rose early but wound up below $93. a barrel.  Stocks staggered about before c...
09/02/2014
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