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

ARCHIVED BLOG POSTS

2014 

After yesterday's steep losses based on China backward sliding productivity, equity markets in the less developed countries were the scenes of pandemonium today.  Money was yanked out of stocks and placed in safety of U.S. Treasuries and Mortgage backed securities.  The global sell-off affected m...
01/24/2014
Mortgage backed securities (MBS) closed up 41 basis points today at 104.47 today having remained above dual support offered by the 50 and 100 day moving averages and broken above resistance at the 200 day moving average.  The large green candlestick looks stately a top the improving chart. MBS bo...
01/24/2014
China, which is the world's second largest economy next to ours, posted a disturbing number for its manufacturing index today.  A reading over 50 indicates that their industrial production is rising.  Today's reading of less than 50 indicates they are in decline.  That reading could have an impac...
01/23/2014
Mortgage backed securities (MBS) closed up 41 basis points today at 104.06 having once again bashed through double resistance offered by the 50 and 100 day moving averages.  Today's  gain came in large part due to a sell off in stocks caused in large part because China's index of manufacturing fe...
01/23/2014
Stocks spent almost the entire day in a downward quagmire.  With no economic reports to drive markets today, traders slogged along looking for a reason to buy stocks.  Some profit taking from recent successes and general ennui caused a near repeat of yesterday's trading with the Dow down 41 point...
01/22/2014
Mortgage backed securities (MBS) closed down 38 basis points today at 103.66 having fallen through the double support level formed by the 50 and 100 day moving averages.  Yesterday's nice advance turned out to be too good to be true.  Today's large red candlestick shows the sorry picture all to b...
01/22/2014
Although stock futures painted a rosy picture this morning, stocks spent most of their day in the red.  Verizon, Travelers and Johnson and Johnson collectively pulled the Dow Jones average down today despite showing better than expected earning.  Dow stocks were down as many as 90 points today be...
01/21/2014
Mortgage backed securities (MBS) closed flat today at 104.03 having opened well above Friday's level and surged above resistance formerly offered by the 50 and 100 day moving averages.  This good day in MBS markets has pushed the 30 year fixed conforming rate down to 4.50%.  The jumbo, which does...
01/21/2014
With financial markets closed today I suppose it is time to discuss sports.  Yesterday's football games left us with two excellent teams waiting to duke it out for Super Bowl honors.  Considering the New York/New Jersey venue and the recent weather trend here, the outcome could be affected by win...
01/20/2014
After two successful days of trading in the wake of last week's post Job Report sell-off, stocks sold of a bit today.  There was some profit taking to be sure but the big news came from Best Buy.  The retail giant  reported some extremely poor sales from the holiday season and thus poor earning f...
01/16/2014
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