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 

Veterans Day is not a day to honor the dead, but instead, a day to honor all those who have served our country honorably in any of the branches of the military.  The community of veterans reaches far beyond those "war veterans" who have served our country in wars or conflicts.  There are many vet...
11/11/2015
Mortgage backed securities (MBS) closed down 19 basis points today at 103.09 having come to rest exactly at support offered by the 103.09 level.  Hopefully this level will act as a springboard for recovery after Friday's 47 point sell off.  Rates are currently flirting around the 4.00% level for ...
11/09/2015
The strong jobs number should good news to stock numbers, correct.  Well actually not.  Because and improvement in unemployment and the improved wage numbers in this report are exactly what the Fed is looking for in order to be able to raise rates in December.  The rate they would actually raise ...
11/06/2015
Mortgage backed securities (MBS) closed down a whopping 47 basis points today at 103.28 having fallen all the through two levels of support before bouncing off the 3rd support level at 103.09.  A strong jobs report showing 271,000 new jobs created and lowering the unemployment level to 5% which i...
11/06/2015
Facebook's strong quarterly performance started stock futures out on a positive note this morning.  As the day passed on the new jobless claims came in a little higher than expected and third quarter productivity came in ahead by 1.6% versus the .2% decline that was anticipated.  A number of Fed ...
11/05/2015
Mortgage backed securities (MBS) closed up 6 basis points today at 103.75 having remained above support offered by the 100 day moving average just 10 basis points below.  With the federal jobs report coming out tomorrow, bond traders were pretty cautious.  It was good news however, to see that th...
11/05/2015
Stock traders were unsure how to react this morning when Fed Chief announced that the decision on a rate hike at the December Open Policy Committee was still in the making.  S&P futures opened higher but stocks began to sink shortly after the open.  Tomorrow's announcements about third quarter pr...
11/04/2015
Mortgage backed securities (MBS) closed down 19 basis points yesterday at 103.69 having fallen down almost to support offered by the 100 day moving average prior to closing just 5 basis points above it.  This morning Fed Chairperson Janet Yellen said that a decision about a rate hike in December ...
11/04/2015
The PCE is the Fed's favorite measure of inflation.  Officially the Personal Consumption Expenditures is used to balance out the rigid elements of the Consumer Price Index (CPI).  The CPI measures the inflationary level of a fixed basket of goods.  As such, if one of its contents, lets say grapef...
11/03/2015
Stocks continued their upward pattern today after October's stellar performance.  With no major economic reports coming out today stock traders reflected on yesterday's success in energy and health care stocks.  Stock futures were cautious this morning and began with small losses.   Bot with S&P ...
11/03/2015
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