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 

A sour jobs report showed the economy creating only 151,000 new jobs versus the 188,000 expected.  So how, you might ask, did cause the unemployment rate to go down below 5% to 4.9%?  Welcome to government statistics my friends.  Combine that with additional worry about the economy being able to ...
02/05/2016
Mortgage backed securities (MBS) closed down 3 basis points today at 104.72 having once again remained above support offered at the 104.50 and now 15 basis points below resistance at the high of 4/30/2015.  While is less volatile times missing the expected umber  of jobs created by 37,000 would h...
02/05/2016
During my Army days we used to have training about TAR (Target Acquisition Radar).  That is about what one needs to have theses day to track stocks which are flitting about like the most nimble hummingbirds.  One moment commodities are bringing stocks down, then low inflation is holding the Fed f...
02/04/2016
Mortgage backed securities (MBS) closed up 6 basis points today at 104.75 having remained above support offered by the 104.50 level and just 12 basis points below resistance at the 104.87 level.  With stock prices bouncing around like a pinball machine it is hard forecast the short term direction...
02/04/2016
After yesterday's sell off in stocks S & P 500 futures pointed upward this morning.  Following form stocks did open higher.  Fed Speaker Dudley said the economy has changed significantly since the Fed's first rate hike in year.  Stocks began to plummet led by the tech heavy NASDAQ which was down ...
02/03/2016
Mortgage backed securities (MBS) closed down 9 basis points today at 104.66 having remained above support offered at the 104.50 level.  There  was a great deal of turbulence in global markets today.  MBS bonds crashed through resistance offered by the 104.87 and reached 105.00 prior to falling 34...
02/03/2016
After last weeks snow, winter seems to have turned to spring as an onslaught of rain washes the snow away.  Hopefully the flow will wash away the salt from the sidewalks.  The residual salt creates quite a problem when walking Barnaby the Bernese Mountain Dog.  If that salt get up inside his pads...
02/03/2016
Mortgage backed securities (MBS) closed up 28basis points today at 104.75 having remained above support offered at the 104.50 level and closed just 12 basis points below resistance offered by 104.87 the high of April 30, 2015.  MBS had a good day at the expense of stocks which faltered badly.  Th...
02/03/2016
Weak numbers from China's manufacturing sector once again caused a ripple in equity markets.  As a result, Standard and Poor's stock futures began the morning in a downward trend.  As oil began to sell off once again, true to from stocks opened down over 100 points.  After the day's reports were ...
02/01/2016
Mortgage backed securities (MBS) closed down 18 basis points today at 104.47 having fallen through and closed below the support offered by the 104.50 level.  The personal consumption expenditures index, the Fed's favorite way of measuring inflation was flat today and up just 1.4% year over year. ...
02/01/2016
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Jeff Jensen

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