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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 6 basis points today at 103.25 having remained below resistance offered by the 25 day moving average and above the sold support level at 103.06.  It may be prudent to lock ahead of tomorrow's jobs report.  Today's auction of $13 billion of 30 year Treasu...
01/09/2014
Stocks spent most of the day in the red today although the tech heavy NASDAQ did manage to eek out a 12 point gain.  Tomorrow initial unemployment gains will be reported and there will be a small Treasury auction.  The big news is, of course, coming Friday when December jobs report will be rolled...
01/08/2014
Mortgage backed securities (MBS) closed down 28 basis points today at 103.19 having once again fallen below support offered by the 25 day moving average while remaining above support at the 103.06 level.  Prices fell on good economic data as traders consolidated their positions in advance of Frid...
01/08/2014
After opening the new year with three consecutive losing session, stocks, which have not opened a new year with four consecutive clunkers in decades, moved ahead strongly today.  Tomorrow the ADP jobs report will be released.  This sometimes suspect report could move markets as could the release ...
01/07/2014
Mortgage backed securities (MBS) closed up 25 basis points today at 103.47 having not only broken through resistance offered by the 25 day moving average at 103.27, but having closed 20 basis points above it.  This should bode well for trading sessions to come depending on the FED minutes and the...
01/07/2014
Stocks began the day with some slight gains before falling into the red before lunch and then doing their best impression of a roller coaster throughout the day.  When all was said and done the we saw a mildly negative day in the equity markets.  the poor showing by stocks allowed bonds to improv...
01/06/2014
Mortgage backed securities (MBS) closed up 22 basis points today at 103.22 having remained above vital support at the 103.06 level and having briefly risen up to touch the 25 day moving average at 103.31 prior to falling away at the close.  With some information about the Treasury supply and some...
01/06/2014
As Bugs Bunny would say, "Suferrin' Succotash!!".  After the leisurely trip through the rally that was Santaland for over a week, a storm as big as tonight's impending near "blizzard" hit stocks today.  A combination of light trading and profit taking saw traders wishing for hibernation as they w...
01/02/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 103.00 having broken through resistance offered by the 103.06 level prior to falling back below as the day waned.  With pits still devoid of major traders for the most part, MBS bonds continued to lack a real direction.  The new y...
01/02/2014
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