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 

S & P futures began the day marginally higher in the wake of yesterday's large advance for stocks in U.S. markets.  Brazil reported today that its economy had lost 550,000 jobs in December.  As odd as it seems, when the Euro falls and the dollar rises stocks normally suffer.  That is exactly what...
01/23/2015
Mortgage backed securities (MBS) closed up 28 basis points today at 102.72 having risen almost up to resistance offered at 102.86 prior to settling with a decent gain.  MBS bonds benefited from a sell of in stocks today as they rose to near another refinancing opportunity for mortgages here.  We ...
01/23/2015
The European Central Bank (ECB) left its bank rate at .5% today but that was not the headline.  Instead Mario Draghi, the ECB's head, announced an even bigger and longer lasting quantitative easing program than expected.  Draghi expanded the purchases from $50 to $60 billion each month and extend...
01/22/2015
Mortgage backed securities (MBS) closed up 3 basis points today at 102.44 having remained above support offered at the 102.20 level.  MBS bonds did surprisingly well close without a significant decline in the face of a strong rally in stocks.  Today's wild swings took the 3.0 coupon bonds up near...
01/22/2015
Stock future lower today still waiting for some clear response from Mario Draghi the head of the European Central Bank (ECB) to announce its QE program and how it will work.  With each of its member nations having its own debt, it is more complicated to structure the purchasing pattern.  Stocks w...
01/21/2015
Mortgage backed securities (MBS) closed down 34 basis points at 102.28 having dipped down through support offered at the 102.20 level prior to bouncing back up and closing above it.  You will note that the price of bonds is much lower than today's loss.  That is because despite the fact that bond...
01/21/2015
The head of the European Central Bank (ECB) is poised to announce the equivalent of our recently terminated QEIII.  Mario Draghi, Janet Yellen's counterpart at the European Union has said in the past that he will do "whatever it takes" to get Europe's economy moving again.  It has been hinted and...
01/19/2015
Today's holiday in honor of Reverend King provides a nice quiet relief from yesterday's downpours and subsequent treacherous ice conditions.  Black ice is one of the most dangerous obstacles to safe driving since not seeing it gives drivers a false comfort in driving at what can instantly become ...
01/19/2015
Remember yesterday when I said it will remain to be seen whether these lofty can be sustained?  Well, mortgage backed securities (MBS) closed down53 basis points today at 105.0 have crashed through both levels of support it had just created.  That is correct, the bond lasted just one day above th...
01/16/2015
Mortgage backed securities (MBS) closed up  a whopping 41 basis points today at 1005.56 having broken through two level of resistance offered the May 20 high and 105.53.  Whether these lofty levels can be sustained is to be seen.  There was no reprice for the better so rates may improve in the mo...
01/15/2015
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