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

ARCHIVED BLOG POSTS

2015 

Concerns about global markets threw stocks for another loop today's as investors just can't find a bright sector in which to invest.  Despite the fact that domestic numbers are not nearly as bad as off shore economies markets here continue to suffer.  Commodities and bio =tech companies pointed t...
09/22/2015
Mortgage backed securities (MBS) closed up 25 basis points today at 104.03 having timidly climbed up to touch the powerful resistance offered by the 200 day moving average prior to closing below it.  Despite major concerns about world market and trend toward safe haven trade, MBS bonds were still...
09/22/2015
After last week pasting following the Fed's statement that they would hold off once on raising the rate they charge member banks to borrow money overnight, stocks gained back some of their losses today.  Traders initially reacted well to the announcement.  After they read the Fed's concerns about...
09/21/2015
Mortgage backed securities (MBS) closed down 31 basis points today at 103.78 having fallen through and then closed above the 25 day moving average offered at the 103.77 level.  The rally following the Fed state ran into a forceful comeuppance at the powerful 200 day moving average above.  Althoug...
09/21/2015
When the Fed announced its decision today to keep interest rate states after weeks of speculation, the stock market started bouncing around like a pogo stick or a yo yo.  The consensus in advance of the reading of the minutes of the latest Open Market Committee was calling for 30% chance of rate ...
09/17/2015
Mortgage backed securities (MBS) closed up 66 basis point today at 103.91 having come within 10 basis points of resistance offered by the formidable 200 day moving average.  The Fed, after, much anticipation rendered its decision on interest hike and word was hold her steady Knute!  They decided ...
09/17/2015
Surprisingly stocks did fairly well today with the Fed's comments on interest rates looming at 2PM tomorrow.  Analysts are calling for a 30% chance that they will raise rates.  Today's calm numbers from the Consumer Price Index, the most widely used measure of inflation, demonstrate that the Fed'...
09/16/2015
Mortgage backed securities (MBS) closed up 9 basis points today at 103.25 having gained back little of yesterday's loss.  Some purchasing of MBS bonds by the Fed with profits from its sales of MBS bonds purchased during QE3.  That program actually became quite profitable for the central bank.  As...
09/16/2015
Mortgage backed securities (MBS) closed down a whopping 53 basis points today at 103.16 having fallen through dual levels of support offered by the 100 day and 25 day moving averages.  Falling through these two strong levels of support for the first time since July 20 was bad news for bonds.  Thi...
09/15/2015
Mortgage backed securities (MBS) closed down 12 basis points today at 103.75 have fallen through and closed just 1 point below support that was offered by the 25 day moving average.  With next week's impending Fed meeting and the Fed providing little support by way of purchasing Treasuries and MB...
09/10/2015
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