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

ARCHIVED BLOG POSTS

2014 

Little happened in a holiday shortened session for U.S. equity markets today.  When trading closed at 1 PM all three major indices were almost exactly where they had begun the day.  OPEC decided at its recent meeting not to curtail production of oil.  As a result, crude oil pricing fell by nearly...
11/28/2014
Mortgage backed securities (MBS) closed up 38 basis points today at 104.31 having risen all the way up to touch resistance at the 104.34 level before falling just short at the closed.  The day's activity left at pattern known as a Bullish Flag on the Japanese candlestick chart.  As a result, I am...
11/28/2014
Here is my thanksgiving poem .  I hope you enjoy it.   Thanksgiving   There are so many things to be thankful for Where might I begin? Little faces to adore And finally tucking them in   Little boys and little girls To perpetuate our race Simple toys and pretty curls And a smile on every face   R...
11/27/2014
Stock futures were nearly flat today in anticipation of light trading as things slowed down for the long weekend ahead.  both spending and inflation were low in the most readings despite the decent numbers reported for the GDP this week.  U.S. markets managed just slight improvement.  The Dow clo...
11/26/2014
Mortgage backed securities (MBS) closed up 3 basis points today at 13.96 having remained above support offered at the 103.84 level.  With traders taking early exits for turkey tasting, fixed income and equity markets were pretty calm today.  The weekly numbers for initial jobless claims came in h...
11/26/2014
Stocks closed in a mixed market today as traders begin to drift from their desks in anticipation of the long Thanksgiving weekend.  Despite the fact that the third quarter GDP came in well above the market prediction, stocks barely moved during the session.  We will see if there is any positive r...
11/25/2014
Mortgage backed securities (MBS) closed up 22 basis points today at 103.94 having broken through resistance at the 103.84 level and closed near its high for the day.  This bodes well for tomorrow's trading despite the fact the tomorrow there will be holiday reduced volume which could cause large ...
11/25/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 103.72 having closed just 12 basis points below resistance offered at 103.84 and within 6 basis points of the high of the day.  With no economic reports coming out today markets were not surprisingly tame.  With little world news ...
11/24/2014
Reports that interest rates would remain low in China and that Europe would add additional stimulus in hopes of jump starting their economies help give stocks here a nice jolt.  We are looking more like the good boys on the block despite the slow growth we have been seeing in our economy.  Despit...
11/21/2014
Mortgage backed securities (MBS) closed up 16 basis points today at 103.66 having solidified its place above support offered by the 25 day moving average.  While stocks were having a good day, MBS bonds did well to sustain the advances gained yesterday.  We might poised to once again return the h...
11/21/2014
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