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

ARCHIVED BLOG POSTS

2014 

Mortgage backed securities (MBS) closed up 31 basis points today at 103.94 having broken through the tough double level of resistance offered by the 50 and 100 day moving averages.  the Tall green Japanese candlestick shouts of the days successes and shows that the 4.0% coupon bond closed at its ...
01/16/2014
Stocks rebounded for a second straight session today after Monday's huge sell off.  Producer Prices remained within allowable tolerances today.  The Empire manufacturing level showed an increase much higher than expected and the Beige Book showed moderate growth in the economy.  That kept bulls o...
01/15/2014
Mortgage backed securities (MBS) closed down 6 basis points today at 103.59 having remained below the resistance at the 100 and 50 day moving averages.  During the day the bond fell as low as 103.40 crashing through support at the 103.50 level prior to closing above it once again.  A strong rally...
01/15/2014
Stocks regained most of yesterday's losses today as trader's bought cheaper stocks washed ashore by a wave of good economic news.  Among the drivers propelling the current were a higher 4th Quarter growth estimate, improved retail sales and hopes that the poor jobs report would push tapering furt...
01/14/2014
Mortgage backed securities (MBS) closed down 41 basis points today at 103.62 having fallen below support offered by the 50 day moving average after the briefest of stay, just one day.  Sufferin Succotash!  Talk about volatile markets, this is like the wild west.  A slew of positive economic news ...
01/14/2014
While bonds were making great strides today, stocks were literally having the stuffing kicked out of them.  U.S. equities, which started out lower but quickly came back to near even levels, sold off heavily during the session prior to closing slightly above their lows.  With stocks falling for th...
01/13/2014
Mortgage backed securities (MBS) closed up 34 basis points today at 104.06 having broken through and closed above resistance offered by the 50 day moving average.  Keeping in mind that the second level of resistance at the 200 moving average is still 46 basis points above, the fact that the bond ...
01/13/2014
An extremely disappointing jobs number sent stocks tumbling this morning and they remained down throughout the session.  During the day, however, Fed President Bullard said that the GDP may expand in 2014 by 3.2%.  That level, although not robust, is certainly better that any growth we have recen...
01/10/2014
Mortgage backed securities (MBS) closed up a whopping 81 basis points today at 103.72 having smashed through resistance offered by the 25 day moving average prior to closing just 13 basis points below the 100 day moving average.  The massive green candlestick reflecting the days gains portends we...
01/10/2014
With the impending jobs report tomorrow, the uncertainty of the results weighed on equity markets here today.  The market is prepared for about 197,000 new jobs and for the unemployment rate to remain at 7%.  Stocks were at their lowest during the early afternoon prior to nearly going flat and th...
01/09/2014
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