Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2016 

The trading day began with the new that the Bank of Japan actually lowered its interest rate into a negative level.  This means that banks would actually have to pay the bank of Japan to have funds on deposit.  This had a positive effect on equity markets across the globe and made for happy inves...
01/29/2016
Mortgage backed securities (MBS) closed up 19 basis points today at 104.66 having finished the day 26 basis points above resistance offered by the 104.40 level.  On a day when stocks were up significantly, this was quite a result for MBS bonds.  I would strongly recommend that anyone with a loan ...
01/29/2016
The earnings season was in full swing today and traders celebrated solid numbers from Armour Foods, Caterpillar and Harley Davidson.  At the same time Ford showed strong profits based heavily on sales here in the United States.  Yesterday's Fed comments received a basic ho hum from traders and in...
01/28/2016
Mortgage backed securities (MBS) closed up 12 basis points today at 104.47 having broken through and closed above resistance offered at the 104.40 level.  What is more surprising it that this feat was accomplished on a day during which stocks showed modest advances.  Each time the bond has reache...
01/28/2016
After the Fed kept interest rates the same and released their comments this afternoon stocks initially wavered and wobbled.  Despite the Fed's comments that rate hikes would be gradual, falling oil prices once again prevented stocks from making any positive strides.  a 10.8% increase in new how s...
01/27/2016
Mortgage backed securities (MBS) closed up 9 basis points today at 104.34 having inched ever closer the resistance above offered by the 104.40 level.  In a day when the Fed kept interest rates the sames and had some pretty dovish comments about inflation and sighted slow economic growth and indic...
01/27/2016
Improvements in crude oil and heating oil contracts today helped stocks take back some of their recent losses.  Combine that with the best Consumer Confidence reading since October and stocks really started to accelerate.  Mix in some strong earnings reports and concerns about tomorrow's Fed meet...
01/26/2016
Mortgage backed securities (MBS) closed up 9 basis points today at 104.31 having remained just 9 basis points below resistance offered at the 104.40 level just above.  MBS bonds did well to advance today in the face of a fairly strong showing in equity markets.  As discussed the Fed Open Market C...
01/26/2016
This week is Fed week.  The Open Market Committed of the Federal Reserve will meet Tuesday and Wednesday of this week to deliberate about its short term monetary policy.  Federal funds futures which handicap the likelihood of the Fed hiking short term rates again suggest that there is only a 26% ...
01/25/2016
Mortgage backed securities (MBS) closed up 22 basis points today at 104.22 having broken through and closed above two resistance levels offered at the 104.03 and 104.21 levels.  This was a nice move into higher territory and could bode well for mortgage rates in the short run.  Now above all the ...
01/25/2016
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