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 

Stock futures were falling early ahead of the government's announcement of the 4th quarter GDP.  When the announcement was made they fell into an oubliette.  An oubliette was a prison cell with just a trap door at the top.  Prisoners placed in there were considered forgotten (from the French verb...
01/30/2015
Mortgage backed securities (MBS) closed up a whopping 50 basis points today at 103.50 having broken through resistance at the 103.40 level and having risen to within 3 basis points of the high of May 10, 2013.  MBS bonds find themselves in truly rare air.  Today's large sell off in stocks pushed ...
01/30/2015
In the wake of yesterday's post Open Market Committee losses, stock futures looked for improvement today.  The strong dollar is pushing gold and oil futures downward.  Stocks in Europe and Asia were lower in fear of what Greece's unusual new government might do.  New unemployment claims were the ...
01/29/2015
Mortgage backed securities (MBS) closed down 6 basis points today at 103.00 having remained above support offered at the 102.86 level.  MBS bonds did well to lose so little as stocks had quite a good day.  Because MBS bonds are near multi years highs, I am inclined to recommend locking for the sh...
01/29/2015
Stocks were enjoying moderate gains until the FED released its statement after its two day Open Market Committee Meeting today.  Although the FED said that it would remain "patient" when it comes to raising rate and that they would expect inflation to rise toward its target, which we know is 2%. ...
01/28/2015
Mortgage backed securities (MBS) closed up a whopping 47 basis points today at 103.06 having crashed through and closed above resistance which had been strong at the 102.86 level.  That fact that MBS bonds closed above resistance bodes well for their short term prospectus.  i will look forward to...
01/28/2015
Stocks suffered today from poor earnings reports from Microsoft, United Technologies and Caterpillar.  Caterpillar which makes diesel engines and large land moving and construction vehicles acts a bellwether for economy moving project.  To have it falter, could reflect a slow down in the economy....
01/27/2015
Mortgage backed securities (MBS) closed up  6 basis points today at 102.59 having traded above resistance offered by the 102.86 level prior to falling back below it prior to the close.  Because bonds had been trading so much higher, an alert to lock was issued for those whose closings are in the ...
01/27/2015
Stock futures were down this morning in reaction to the anti Euro party not only winning in Greek parliamentary elections, but also having been able to form a coalition with which they can govern.  A Greek departure from the Eurozone could mean trouble for other countries using the Euro.  In a sn...
01/26/2015
Mortgage backed securities (MBS) closed down 19 basis points at 102.53 having risen to within 7 basis points of resistance at the 102.86 prior tailing away at the close and having remained above support offered by the 102.20 level.  With no economic reporting today bonds were at the mercy of stoc...
01/26/2015
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