ARCHIVED BLOG POSTS
2016
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Overnight news of declining lending in China started of the morning in a negative manner. Locally, a tractor trailer hauling a load of scrap metal flipped over on the Tappan Zee Bridge this morning causing a nightmarish Friday the 13th traffic jam which extended for 20 miles and cost travelers a...
05/13/2016
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Mortgage backed securities (MBS) closed up 13 basis points today at 102.75 having once again broken through resistance offered by the 25 day moving average and closed 11 points above it. Prices are currently at the top of their trading range and it may be wise to lock rates in the short run. I ...
05/13/2016
The Federal Savings Bank is proud to announce our Express Loan Approval Program! Your buyer’s loan is reviewed and approved by our in house underwriters early in the process. This lets your buyers shop for a home with confidence and provide a stronger offer than someone who is just pre-approved. ...
05/12/2016
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Do you have a cash borrower who recently closed, but looking to regain liquidity quickly?Cash Buyer Refinancing can provide the kind of service that will keep clients calling and you busy with repeat business. We offer fixed and ARM financing up to $3 million. Your borrower can get cash back in t...
05/12/2016
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HISTORICALLY CURRENTLY BUYING A HOME IS AN INVESTMENT.With The Federal Savings Bank you can build equity, take advantage of tax benefits, protect yourself against rent increases, and possibly watch the value of your home increase over the years. Historical vs. Current (Perce...
05/12/2016
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Not sure if you should buy a home? The rent you pay could build equity in your own real estate. Do you realize how much you pay in rent over a period of years? The rent you pay adds up to a sizeable sum.RENT• No interest payment deductions• Rental payments may increase• Landlord approval needed...
05/12/2016
There was a surge in weekly initial jobless claims today as 294,000 were made. That was the highest level in over a year. As oil futures drifted up nearly 50 cents and approached $47., stock futures were trending lower. The Dow actually opened up 65 points. Shares of tech giant Apple fell lo...
05/12/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.59 having once again fallen through support offered by the 25 day moving average and closed 3 points below it. Prices are currently at the top of their trading range and it may be wise to lock rates in the short run. I wo...
05/12/2016
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Stock futures drifted lower this morning as poor earning figures from Disney and Macy's disappointed investors. After a judge rejected the proposed merger of Staples and Office Depot, both stocks plummeted losing close to 20% of there value. With no economic report coming out today these huge d...
05/11/2016
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Mortgage backed securities (MBS) closed up 10 basis points today at 102.66 having broken through resistance offered by the 25 day moving average and closed 6 points above it. Prices are currently at the top of their trading range and it may be wise to lock rates in the short run. I would, howev...
05/11/2016
