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

ARCHIVED BLOG POSTS

2016 

Mortgage backed securities (MBS) closed up 10 basis points today at 104.19 having closed at its high for the day.  Closing at the  day's high generally bodes well for bonds in the short run. MBS bonds remained in rarefied air today as their post Brexit gains remain substantially intact.  The 30 y...
07/08/2016
With ADP reporting early on that there were 152,000 jobs created in June stock futures were slightly higher this morning.  It will be interesting to see how their numbers compare to tomorrow's government job figures.  There have been major disparities in the past.  Initial jobless claims of 254,0...
07/07/2016
Mortgage backed securities (MBS) closed down 3  basis points today at 104.09 having been up to a high of 104.19 during the day.  MBS bonds remained in rarefied air today as their post Bresit gains remain substantially intact.  The 30 year conforming remained at a near record low 3.375% today.   T...
07/07/2016
Globally bonds and currencies closed at some of the lowest levels ever.  Here the MBS market was flying high this morning before some good economic news in the form of a strong ISM hit the board.  The ISM is the the Institute for Supply Management.  Monthly they report on the service industry and...
07/06/2016
Mortgage backed securities (MBS) closed down 9  basis points today at 104.12 having had a jump opening this morning at 104.38 before losing all its mementum throughout the day.  The 30 year conforming remained at a near record low 3.375% today.   The time to refinance is certainly now.  Don't mis...
07/06/2016
After the astonishingly quick comeback from the Brexit vote, traders paused to take some profits today.  The global terror over the weekend did not help markets either.  It hard to believe that there are organizations out there that take joy in randomly killing and maiming Innocent people.  The 1...
07/05/2016
Mortgage backed securities (MBS) closed up 38  basis points today at 104.19 having risen to 104.28 prior falling away slightly before the close.  MBS bonds opened strong and remained so throughout the session.  The improvement I referred to on Friday came through today as mortgage rates have fall...
07/05/2016
Stock markets here showed little movement in advance of the three day holiday weekend.  Such events usually stop traders from making any big moves in any particular direction as so many global changes can occur over three day with no trading.  The Dow closed up 19 points today.  I and my colleagu...
07/01/2016
Mortgage backed securities (MBS) closed up 3  basis points today at 103.81 having risen to over 104.prior falling away slightly before the close.  MBS bonds opened strong but were not able to hang onto the early gains.  There appears to be more room for improvement in the near future. The 30 year...
07/01/2016
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