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

ARCHIVED BLOG POSTS

2014 

A swell of profit taking was evident today as traders began to trim up their year end positions.  The selling become like children rolling down a steep hill as it accelerated throughout the day.  there was a late session reprieve before another round of selling into the close.  There will be comp...
12/10/2014
Mortgage backed securities (MBS) closed up 22 basis points today at 104.06 having remained above support offered by the 103.84.  With no economic reports coming out today bond pricing benefited from a large sell off in stocks and the importance of the Treasury grew.  Sure enough the auction of $2...
12/10/2014
Stocks were rocked this morning by new that China's stock market was in free fall due to their need to restructure some serious debt in their financial makeup.  At one point during the day the Dow was down over 200 points.  Slowly throughout the afternoon, however, stocks inched upward at the exp...
12/09/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 104.15 having charged upward and crossed through resistance offered at the 104.34 level prior to settling just below it.  Today's Japanese candlesticck chart shows a triple top formed at the resistance level.  This formation may n...
12/09/2014
In the absence of any economic reporting today stocks reacted strongly and poorly to bad news about the European and Chinese economies.  someone from the Eurozone went as far as to use the words "massive weakening" of the economy there.  Stocks began falling quickly during heavy profit taking unt...
12/08/2014
Mortgage backed securities (MBS) closed up 31 basis points today at 104.03 having surged above resistance offered at the 103.84 and taken aim at the 104.34 resistance level above.  Currently I am cautiously floating and not drifting too far from my rate watching alert system which comes right to ...
12/08/2014
Today was the release of the November jobs report.  The street expected that 230,000 new jobs would be created.  there was a big surprise in order, however, as 321,000 non-farm jobs were created.  Although the headline unemployment rate, which we all know is grossly understated, remained at 5.8%,...
12/05/2014
Mortgage backed securities (MBS)slid down over 70 basis points today in initial reaction to a much stronger jobs report.  MBS bonds fell through two levels of support offered by the 103.84 level and the 25 day moving average briefly before more level heads prevailed and they were able to bounce a...
12/05/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 104.06 having taken the high road and once again passed through resistance above offered by the 103.84.  After just one day of indecision, MBS bonds moved boldly forward today.  Since they closed at their high of the day, that sh...
12/04/2014
Stock futures began the day flat as there was little news coming from Europe of the far east.  ADP's sometimes errant summary of November' new jobs fell short of the 225,000 expected when the government reports on Friday.  Stocks continued climbing slowly throughout the day and closed with modera...
12/03/2014
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Jeff Jensen

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