Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2015 

Markets are truly quite strange.  Oil prices which have been sinking for months due to masssive supplies causing a global glut, suddenly shot up this week.  Why?  Mostly due to fear that air strikes and fighting in the mid east might hamper their ability to harvest oil and thus put oil in greater...
03/26/2015
Mortgage backed securities (MBS) closed down 38 basis points today at 102.78 having fallen through a stout level of support offered by the 50 day moving average.  Another robust level of support offered by the 25 day moving average rests just 16 basis points below.  Hopefully that support level w...
03/26/2015
Today was one of those rare days when stocks and bonds traded in the same direction.  MBS bonds sold off as the result of being at a strong level or resistance.  Stocks sold off because of more Greek debt woes.  The day actually began with stock futures slightly to the good.  When durable goods o...
03/25/2015
Mortgage backed securities (MBS) closed down 41 basis points today at 102.06 having fallen all the way down to the 50 day moving average and closed right on it.  Closing one day right at resistance and the next right at support is a great example of the important of knowing the technical levels i...
03/25/2015
S & P futures started the day trending upward as oil futures remained steady this morning.  Although the Consumer Price Index indicated slightly higher inflation than expected, inflation remained well within the Fed's parameters.  At the same time February new home sales were up 8%.  Profit-takin...
03/24/2015
Mortgage backed securities (MBS) closed up 28 basis points today at 102.47 having finally caught up with the tough resistance at that level.  Continued low inflation provided a good reason for MBS bonds to continue their recent climb higher despite today's auction of $26 billion 2 Year Treasury N...
03/24/2015
With no economic reports due out today, equity traders found their initial positive influence coming out of Greece.  It seems the new Greek government has come to the realization that if they are ever to get their bailout, they will have adopt the mandated austerity measures.  Surprisingly a fair...
03/20/2015
Mortgage backed securities (MBS) closed up 22 basis points today at 102.12 having once again broken through resistance offered by the 500 day moving average.  Resistance above at the 102.47 level is the only thing stopping MBS bonds from another run up in to the rarefied air they visited in late ...
03/20/2015
After yesterday's euphoria subsequent to the Fed's announcement stocks took a step backward today.  The downward slide of oil prices in reaction to the swelling inventory continued to cause pain in the equity and futures pits.  having traded gold in the 300 man trading pit in New York, I know jus...
03/19/2015
Mortgage backed securities (MBS) closed down 23 basis points today at 101.94 having fallen back below support offered by the 50 day moving average.  After yesterday's swift run upward, MBS bonds could not sustain the rally today despite a poor day in stocks.  Some foreboding candlestick formation...
03/19/2015
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