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

ARCHIVED BLOG POSTS

2015 

With stocks trading near all time highs. S & P futures pointed slightly downward this morning.  While the revised 4th quarter GDP fell from the initial estimate of 2.6% to 2.2% it still exceeded expectations.  The good news in the number was that consumer spending was up a robust 4.2%  which repr...
02/27/2015
Mortgage backed securities (MBS) closed up 28 basis points today at 101.88 having popped up to touch resistance offered by the 50 day moving average at 101.96 prior to falling away before the close.  With Euro trading right around $1.12, its lowest in quite some time, any further diminution could...
02/27/2015
Stock futures looked for improvement this morning in reaction  to gains in global markets prior to the open.  Weekly initial jobless claim came in over 300,000 last week which was the highest number since January 10.  Orders for durable goods, those which will last more than three years,  showed ...
02/26/2015
Mortgage backed securities (MBS) closed down 28 basis points today at 101.59 having dropped all the way down to support offered at the 101.46 level prior to bouncing back a little prior to the close.  One key culprit of today's disappointing session was a poor treasury auction of $29 billion of 7...
02/26/2015
It cold have been a dicey equation with Fed chief Janet Yellen testifying before committee at the Congress today.  Instead she delivered dovish comments about low inflation and the need for more job creation.  The punch was that there would no rate increases resulting from the next few Fed Open M...
02/24/2015
Mortgage backed securities (MBS) closed up 44 basis points today at 101.84 having broken through resistance offered at the high of 12/17/14 and reached up to touch the next resistance at the 50 day moving average prior to closing just 8 basis points below it.  This could be the beginning of anoth...
02/24/2015
Mortgage backed securities (MBS) closed up 25 basis points today at 101.41 having risen up to touch resistance offered by the high of 12/17/14 prior to fall just 5 basis points  below it.  Tomorrow Fed chief Janet Yellen will be testifying before congressional committees all day.  It will be inte...
02/23/2015
Stocks started the day off poorly today.  With no economic reports due to come out, traders spent the morning brooding about the dismal situation in Europe regarding the Greek debt negations.  As someone had put it, even though Greece's debt needs massive surgery even the application of a band-ai...
02/20/2015
Mortgage backed securities (MBS) closed down 3 basis points today at 101.16 having once again remained above support offered by the 100 day moving average.  MBS bonds had rallied early in the day only to be blindsided by big news from the Eurozone.  They had been up 35 basis points when the banks...
02/20/2015
Stock traders reacted to mixed economic news today.  New claims for unemployment dropped while continuing claims increased.  The Philly Fed Report which measures levels of big ticket expenditures failed to meet expectations.  The Dow which was down nearly 100 points early in the session wound up ...
02/19/2015
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