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 

Stocks suffered another poor day today partially as the result of comments made by Fed Vice Chairman Fischer stating that there was still a chance that a rate hike might occur next month.  Basically he said that he was still evaluating the economy and the labor market to see if they were strong e...
08/31/2015
Mortgage backed securities (MBS) closed down 19 basis points today at 103.56 having fallen through double support at the 25 and 100 day moving averages just 13 points above.  This fall occurred despite the fact that stocks had another rough day.  As you know, stocks and bonds normally trend oppos...
08/31/2015
Stocks took a break from their mercurial swings today after having recovered much of the recent losses they incurred as a result of wild fluctuation in Chinese currency and markets.  If you spent the day listening to Fed speakers' comments about the impending rate hikes, you would have wound up d...
08/28/2015
Mortgage backed securities (MBS) closed flat today at 103.75 having remained below powerful resistance at the 200 day moving average and just 5 basis points above the 100 day moving average.  After crossing over the 200 day moving average recently MBS bonds have remained calm as the equity market...
08/28/2015
After five straight sessions of major losses, yesterday looked as if stocks were going to make a comeback.  The Dow was up hundreds of points early, but as the session moved on, early gains look on the look of fool's gold.  As today began the same pattern of early gains appeared.  Today, however,...
08/26/2015
Mortgage backed securities (MBS) closed down 28 basis points today at 103.72 having fallen through and closed below the 100 day moving average just 1 point above.  Having fallen through two such important support levels as the 100 and 200 moving average in just two days does not bode well for MBS...
08/26/2015
Stocks had the most mercurial day I can remember ever having seen.  The Dow opened this morning down 1,100 points  prior to coming back to a loss of just over 100 points before sliding steadily downward throughout the afternoon.  Those of us who have been building our 401Ks steadily throughout th...
08/24/2015
Mortgage backed securities (MBS) closed up 12 basis points today at 104.22 having remained above the 200 day moving average just 12 bps below.  As stocks plummeted again today, one would have thought that MBS bonds would be soaring.  The technical elements seized the day, however, as the proximit...
08/24/2015
After yesterday's pummeling, today had no chance of offering relief.  Poor manufacturing data from China continued to sour investors.  With no economic reports today, traders looked the Markit Manufacturing purchasing index today and saw slippage to the lowest point since October 2013 while its e...
08/21/2015
Mortgage backed securities (MBS) closed up 9 basis points today at 104.06 having broken through resistance offered by the 200 day moving average prior to closing just 4 basis points below it.  This was an example of just how powerful technical analysis is in markets.  Despite a horrible day in st...
08/21/2015
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