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

ARCHIVED BLOG POSTS

2015 

Stocks suffered yet another down day today as Europe Central Bank speakers talked about worrying that their union was too reliant on the progress of our U.S. economy.  Talk about putting on the pressure!  Additional concerns about oil and copper futures weighed on equity traders throughout the se...
01/14/2015
Mortgage backed securities (MBS) closed up 13 basis points today at 105.16 having inched ever closer to resistance offered at the high point of May 20, 2013 just 15 basis points above.  This advance was accomplished despite the fact that today's Treasury auction score another D+ rating today.  St...
01/14/2015
Stock futures showed the likelihood of a positive start this morning after perennial first earnings reporter Alcoa showed better than expected results after markets had closed yesterday.  The affect of yet lower oil prices today took stocks from excellent gains to losses as a fine rally was demol...
01/13/2015
Mortgage backed securities (MBS) closed up 3 basis points today at 105.03 having remained below resistance offered by the high of May 20, 2013 28 basis points above.  MBS prices did well to remain in positive territory after today's U.S. Treasury auction of $21 billion 10 year notes garnered just...
01/13/2015
Stock futures opened higher this morning with no economic reports due out today to influence traders.  although the market did open in positive territory it quickly fell back into the negative once trading began in earnest.  Oil drifted down into the 46 range which put additional pressure on stoc...
01/12/2015
Mortgage backed securities (MBS) closed up 9 basis points today at 105.25 having risen to within 3 basis points of resistance offered by the high of May 20, 2013 prior to closing just below it.  MBS bonds were buoyed by another poor day in equity markets and an A- rating on a rare Monday Treasury...
01/12/2015
Stock futures opened lower this morning in advance of today's jobs report.  When the report came in reporting more jobs that expected, one would have thought stocks would rise, correct?  Well not in this market.  The unemployment rate went down to 5.6% and both the October and November jobs figur...
01/09/2015
Mortgage backed securities (MBS) closed up 31 basis points today having risen all the way up to resistance offered by the May 20th high prior to closing 15 points below it.  MBS bonds once again are quite close to highs that would put interest rates into another refinance rally.   At these levels...
01/09/2015
FED speaker Evans hinted today that the Fed's inflation target might not be reached until 2018.  As a result of this he continued, rate hikes should not be put in place until 2016 to allow maximum increases in the economy.  At the sound of this S&p 500 futures took off like a meteor and the great...
01/08/2015
Mortgage backed securities (MBS) closed down 18 basis points today at 104.84 having remained above support at the 104.50 level.  MBS bonds did well to limit losses to that level in the face of a huge rally in the stock market.  Although interest rates inched up slightly as a result the potential ...
01/08/2015
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