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

ARCHIVED BLOG POSTS

2015 

Exxon Mobil surprised the street with improved earnings this morning which allowed S & P futures to open in a positive direction.  The Dow  and the S&P are on track have the best month in 4 years which is ironic since October is historically a bad month for stocks.  The Personal Consumption Expen...
10/30/2015
Mortgage backed securities (MBS) closed up 16 basis points today at 104.06 having broken through double resistance offered by the 50 and 200 day moving averages prior to falling just below them at the closed.  this is good news as it stemmed a two losing streak.  If MBS bonds can close above the ...
10/30/2015
Contrary to yesterday up market stocks were down today as the government report that the 3rd quarter GDP was up only 1.5% compared to the 3.9% increase in the second quarter.  Add to the mixed the Fed's comments about raising rates.  The Fed's Open Market Committee indicated yesterday that it may...
10/29/2015
Mortgage backed securities (MBS) closed down 25 basis points today at 103.91 having fallen below the 50 and two hundred day moving averages.  Yesterday's downturn saw the MBS bonds fall below the 25 day moving average.  Most of this negative sentiment was in reaction to the Feds hawkish comment r...
10/29/2015
The good news started early today as the Peoples Bank of China lowered two important interest rates.  This sent equity markets around the world soaring as one would expect.  Shortly thereafter Google, Microsoft and Amazon all reported solid earnings.  Amazon also showed a profit, which has been r...
10/23/2015
Mortgage backed securities (MBS) closed down 22 basis points today at 104.38 coming to rest above what is now double support offered by the 25 and 200 day moving averages.  MBS bonds had trouble gaining any traction today as stocks were having a field day based on banner earnings results from U.S...
10/23/2015
Things were looking good this morning as GM exceeded earnings by a substantial amount and Boeing not only had robust earnings but also upped it forecast for the remainder of the year.  There were no economic reports to influence traders today but there was hope of additional accommodation by the ...
10/21/2015
Mortgage backed securities (MBS) closed up 12 basis points today at 104.47 having recouped yesterday's losses and remained 25 basis points above support offered by the 200 day moving average.  The result is that interest rates remained in the low range which they have inhabited for the last six s...
10/21/2015
For a change China divulged today that its growth in the third quarter was up more than expected.  Based on the negative stock reactions to recent bad news from China one would think that stocks would thrive on that news right?  Not so fast!  Morgan Stanley reported falling profits for the second...
10/19/2015
Mortgage backed securities (MBS) closed up 12 basis points today at 104.53 having distanced themselves further from support offered by the 200 moving average now 40 basis points below.  The Fed Vice Chairman said to day that they could raise rates by year end but that slow growth and market turbu...
10/19/2015
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