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

ARCHIVED BLOG POSTS

2014 

Stocks opened significantly lower today, drifted upward during the day and then slumped sharply in the shadow of the impending close.  The notion of the FED not continuing to buy the massive amounts of Treasuries and MBS bonds is causing more angst that it should.  As I have pointed out, with the...
01/31/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 104.81 having surged up to 46 basis points above the 200 day moving average.  That represents the highest close since November 18th.  With a little more improvement we could see the 30 year conforming rate back down to 4.375%.  I...
01/31/2014
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Stocks fought their way back up a slippery slide today despite higher unemployment claims, slowing pending home sales and a disappointing read on the 4th Quarter GDP compared to 3rd quarter.  Tomorrow Consumer Sentiment, Personal Income and Spending and the core PCE (Personal Consumption Expendit...
01/30/2014
Mortgage backed securities (MBS) closed even today at 104.59 having remained above support offered by the 200 day moving average.  MBS bonds managed to remain steady while stocks staged a minor comeback after some recent hefty losses.  This may bode well for MBS bonds in the short run and help to...
01/30/2014
Stocks had another bad day today as the announcement from the Fed Open Market committee (the last with Ben Bernanke in charge) was released.  Stocks had been down all morning as Yahoo and Boeing, a Dow component, posted lower earnings.  When the Fed news of continued tapering came out the Dow dip...
01/29/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 104.59 having once again closed above the tough resistance offered by the 200 day moving average.  Although it closed above it three of the last six sessions, it has not closed above it two days in a row since early November.  Th...
01/29/2014
After 5 consecutive losing sessions, U.S. stock exchanges posted reasonable gains today.  I believe the decision that the Fed will add some slight tapering tomorrow is already built into the market's pricing.  As we have seen so many times, however, nothing is for sure in publicly traded markets....
01/28/2014
Mortgage backed securities (MBS) closed up 12 basis points today at 104.34 having shot through resistance offered by the 200 day moving average up to 4.50 prior to settling just 4 basis points below it. The bond market did surprisingly well with the Fed's decision on further tapering due tomorrow...
01/28/2014
After flirting with success throughout the after noon, stocks continued their losing streak today as all three major U.S. exchanges closed with losses late in the day.  Tapering fears found their way into equity pits as well today.  The Fed will probably increase tapering slightly so as not to fu...
01/27/2014
Mortgage backed securities (MBS) closed down 25 basis points today at 104.25 having once again fallen below support offered briefly by the 200 day moving average.  The last five day the 4.0% coupon MBS bond has been acting like a yo-yo bouncing above and below what is now tough resistance.  Fear ...
01/27/2014
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