Jeff Jensen's Blog

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



Mortgage backed securities (MBS) closed up 6 basis points today at 101.34 having remained just above support offered by the 100 day moving average.  There was little action in the bond pits today as traders await tomorrow's federal jobs report.  After recent setbacks, traders are hoping for a jol...
Stocks took a hit once again today as the newly popular sport of profit taking continued through today's session.  This coming Friday's jobs report is shaping up to be a big event.  ADP, the sometimes suspect job tallier, said today that 212,000 private sector jobs had been created in February.  ...
Mortgage backed securities (MBS) closed up 3 basis points today at 101.34 having remained above support offered by the 100 day moving average just 11 basis points below.  MBS bonds were virtually stagnant today as traders are cautiously awaiting Friday's jobs report.  With weekly initial jobless ...
With no economic reports due out today, stocks looked to continue their profit taking after Friday's highs.  Netanyahu's theatrics while addressing Congress caught the eye of some traders  and others failed to pick up on the many corporate officers who are considering capital purchases in the nex...
Mortgage backed securities (MBS) closed down 22 basis points today at 101.31 having fallen through support offered by the high 12/17/14 and tumbled downward toward support at the 100 day moving average just 12 basis points below.  Despite the fact that stocks were falling throughout the day, mass...
Stock futures opened the day nearly flat.  Soon afterward word came through that China was going to lower its benchmark interest rate by .25%.  Despite spending lagging behind personal income, a lower ISM manufacturing reading and lower oil prices, stocks spent the better part of the day rallying...
Mortgage backed securities (MBS) closed down 38 basis points today at 101.53 having remained below the critical level of resistance offered by the 50 day moving average.  With inflation almost at 0 one would have thought today would have been a good day for bonds.  An alert to lock was sounded sh...

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