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

ARCHIVED BLOG POSTS

2014 

Stocks struggled to make progress today as there were no economic reports issued and little news from around the world created ripples on the global pond.  Stock futures pointed downward and indeed stocks began the session lower.  By noon they had crossed into positive territory, however.  The S&...
12/29/2014
Mortgage backed securities (MBS) closed up 15 basis points today at 104.09 having broken through and closed above resistance offered by the 25 day moving average.  MBS bonds did well to close in the mid range of the trading session today as stock closed mixed not having strayed far in any directi...
12/29/2014
Stocks forged farther into record territory as the "Santa Claus" rally continued today.  It is rather remarkable that the last week of the year experiences rallies about 73% of the time.  There certainly is a lot to be known about trends and resistance and support when trading stocks, bonds and c...
12/26/2014
Mortgage backed securities (MBS) closed up 16 basis points today at 103.94 having drifted up to almost touch resistance offered by the 25 day moving average prior to stalling.  With no economic reporting due out and a light staffed trading report, MBS bonds did well to stay near recent highs.  Th...
12/26/2014
The big economic news today was the third quarter GDP.  The GDP or Gross Domestic Product is the sum of all business activity for a given period of time.  Remember back in the first quarter when the GDP was down 2%?  Well as they say, we have come a long way baby!  The third quarter rose an eye p...
12/23/2014
Mortgage backed securities (MBS) closed down 50 basis points today at 103.69 having fallen through support offered by the 25 day moving average and having come to rest squarely on the 50 day moving average.  MBS bonds last touched the 50 day moving average back in October.  There was an alert to ...
12/23/2014
Still sailing on the happy seas created by the Fed's Open Market Committee actions last week and aided by positive winds from European bourses, stock futures set out on a decidedly positive course this morning.  The Dow gained nearly .9% as it closed up 154 points.  Oil closed at right about $55....
12/22/2014
Mortgage backed securities (MBS) closed up 7 basis points today at 104.19 having remained above support offer by the 25 day moving average and below resistance at the 104.34 level.  The Treasury auctioned off $27 billion of two year notes today.  Despite the fact that the auction garnered just a ...
12/22/2014
Mortgage backed securities (MBS) closed up 19 basis points today at 104.16 having remained above support offered by the 25 day moving average at the 103.89 level.  With no economic reporting today markets had to rely on current news and today oddly there was not too much.  MBS bonds gained back s...
12/19/2014
After yesterday's large rally in reaction to Fed chief Janet Yellen's press conference after the Fed's last Open Market Committee meeting of the year, stock futures were pointing skyward this morning.  Initial jobless claims were down to 289,000 and stocks were off to the races again today.  With...
12/18/2014
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