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

ARCHIVED BLOG POSTS

2015 

Stocks began the trading day with almost immeasurable gains.  During this reporting season it seems that many stocks are beating estimates on earnings per share but falling short on revenues.  Big Board stock GE continued that trend.   While the FED is waiting for inflation to stabilize and the e...
10/16/2015
Mortgage backed securities (MBS) closed down 6 basis points today at 104.38 having remained 25 basis points above support offered by the 200 day moving average.  MBS bonds remain at the high end of their trading range.  Borrowers would do well to lock in these great rates while they last.  For pu...
10/16/2015
Lower Chinese consumer growth and disappointing earnings reports guided S & P futures slightly lower this morning.  Mixed earnings reports from major U.S. banks muddled markets here.  September Retail Sales were up slightly and the Producer Price Index, a measure of wholesale inflation, was down ...
10/14/2015
Mortgage backed securities (MBS) closed up 31 basis points at 104,56 today having further distanced themselves from support offered by the 200 day moving average now 43 basis points below.  Low inflation numbers contributed to the rising bonds helping keep rates low.  The yield of the 10 year Tre...
10/14/2015
After 7 days of positive trading results, negative results in Chinese markets had Standard and Poor futures pointing downward this morning.  With no economic reports being released today stocks took their cue from the results in China and faltered.  The tech heavy NASDAQ suffered the greatest per...
10/13/2015
Mortgage backed securities (MBS) closed up 6 basis points today at 104.28 having once again remained above support offered by the stalwart 200 day moving average 15 points below.  Stocks took a breather from their seven consecutive days of advances today.  That allowed MBS bonds to gain a little ...
10/13/2015
Stocks traded slightly higher throughout the day as many traders chose to celebrate the holiday away from the pits.  Bond markets were closed in the U.S. today but many stock traders sloshes through nearly empty aisles.  All three major indices had modest gains as there was little economic news t...
10/12/2015
Mortgage backed securities (MBS) did not trade today in observance of Columbus Day.  the federal holiday commemorates Columbus' discovery of America 508 years ago.  Parades and other observations are held throughout the country.  Although celebrate unofficially in many communities across the nati...
10/12/2015
Europe and Asia paved the way this morning for an additional improvement in stocks here.  Since the recent 11.1% sell off, we have seen a nice improvement in domestic stocks.  Remember that despite the Fed not thinking our economy is ready for rate hikes, across the globe our economy's stability ...
10/07/2015
Mortgage backed securities (MBS) closed down 9 basis points today at 104.47 having remained 35 basis points above support offered by the 200 day moving average (DMA).  An additional rise in stocks due to improving equity market in Europe and Asia combined with the bond's proximity to the 200 DMA ...
10/07/2015
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