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

ARCHIVED BLOG POSTS

2016 

In advancee of tomorrow's government jobs report, stocks traders played their trades pretty close to the vest today.  ADP's jobs report, which is sometimes suspect, reported that the economy added 214,000 non farm jobs last month.  The new jobs were about evenly split between small, medium and la...
03/31/2016
Mortgage backed securities (MBS) cosed up 19 basis points today at 104.91 having increased their margin above the strong double level of support below offered by the 25 and 50 day moving averages.  MBS bonds languished throughout the day up only 3 to 6 basis points prior to a strong finish closin...
03/31/2016
Stock futures pointed upward today still feeling euphoric about Janet Yellen's "dovish" comments yesterday about the likelihood of more short term rate hikes.  The Fed's Evans also commented about possibly only two rate hikes this year.  Although oil was up nearly a point early, the dollar was do...
03/30/2016
Mortgage backed securities (MBS) closed up 3 basis points today at 104.75 having remained well above support offered at the 25 and 50 day moving average levels.  After being down most of the day MBS bonds rally near the close the end up with a small gain today.  For now I will continue to float h...
03/30/2016
Mortgage backed securities (MBS) closed up 41 basis points today at 104.72 having broken through tough double resistance offered by the 25 and 50 day moving averages and closed well above them.  Janet Yellen's comments about "proceeding cautiously" with rate hikes set a "dovish" tone which warmed...
03/29/2016
        Mortgage lenders sell mortgages to Fannie Mae and Freddie Mac by the tens of thousands            Fannie and Freddie package them and sell them to Wall Street (Currently at a 3.50% coupon)             Wall Street adds a commission of about .75% and trades them as bonds call Mortgage Back...
03/29/2016
Pending Home Sales gave Dow Jones futures a boost today.  Inflation as measured by the Fed's favorite barometer the PCE (Personal Consumption Expenditure) was up just.1% last month versus. the .2% expected and year over year was at 1.7%.  This is still below the Fed's target of 2.0% and should he...
03/28/2016
Mortgage backed securities (MBS) closed up 3 basis points today at 104.28 having remained in a safety zone between resistance at the 50 day moving average above and support at the 100 day moving average 38 points below.  A tame report on inflation worked to keep bond from falling too far as Pendi...
03/28/2016
As you all know the jelly bean is a sugary treat with semi-hard exterior shell and a gummy center.  Many believe its origins were from what was called a Turkish Delight.  The Delight had a center that was actually filled with Jelly.  In the 1860s an early form of jelly bean was sent out to Civil ...
03/25/2016
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Both stock and bond markets were closed today in observance of Good Friday, Holy Week and Easter.  As I went about my business today I would there many people bustling through banks and grocery stores utilizing the extra free time they have been afford to catch up things and prepare for Easter.  ...
03/25/2016
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