Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2015 

Mortgage backed securities (MBS) closed up 22 basis points today at 104.22 and in the process broke through and closed 11 basis points above the 200 day moving average that had been blocking them for weeks.   I t seems the approaching month end combined with some Fed purchasing with the proceeds ...
09/29/2015
Once again our dear friends in China announced that their profits from industrial pursuits have fallen.  The result, of course, was falling stock prices in China, Europe and today right here in the good old USA.  Tech stocks, most of which are in the NASDAQ index, took a heavy hit today losing ov...
09/28/2015
Mortgage backed securities (MBS) closed up 19 basis points today at 104.00 having run up to within 2 basis points of resistance offered at the 200 day moving average prior to falling away from it prior to the close.  Stocks suffered big losses once again today.  The flight to safety caused huge g...
09/28/2015
Despite Fed Chief Janet Yellen stating that  a rate increase would likely come before year end, there was enough good news around to let stocks climb a little bit back the up the long hill that is now behind them.  The second quarter GDP was adjust upward to show a 3.9% gain last quarter,  The Do...
09/25/2015
Mortgage backed securities (MBS) closed down 16 basis points today at 103.81 having slipped a little farther below the tough resistance offered by the 200 day moving average.  Stocks improved today on goods on the economy.  Having to fight that good news and beginning so close to resistance bonds...
09/25/2015
The trading day began with uncertainty as European traders worried about Volkswagen's emission cheating woes and whether that would affect other German auto makers.  S & P futures opened lower as a result.  Caterpillar did not help things much as it announced 5000 cuts and lower revenues.  The Do...
09/24/2015
Mortgage backed securities (MBS) closed up 3 basis points today at 103.97 today having once again broken through the stout resistance offered by the 200 day moving average prior to succumbing once again and closing 15 basis points below it.  The good news is that rates have remained quite attract...
09/24/2015
A  true baseball legend known for both his superior play and his hilarious comments held the record for most World Series played in at 14 and for the most World Series wins at an astonishing 10.  When Johnny Bench broke his home run record for catchers, Yogi sent him a telegram stating, “I always...
09/23/2015
Things looked promising this morning as S&P futures moved into a positive position.  Early on, however, new came in that China's manufacturing index came in at its lowest level since 2009 and the downward spiral began once again.  By noontime is had become clear that we would experience yet anoth...
09/23/2015
Mortgage backed securities (MBS) closed down 16 basis points today at 103.88 having to 23 basis points below the formidable resistance presented by the 200 day moving average. As we have seen in recent months, that is an extremely difficult target to pass through and even more difficult to stay a...
09/23/2015
Rainmaker
1,545,973

JeffJensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author