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

ARCHIVED BLOG POSTS

2016 

Mortgage Bonds had their monthly coupon rollover after the close of trading yesterday. This happens each month when current month's coupon is closed and all new loans are placed into next month's coupon. although the Rollover reduces the price the bond by 25 basis points, loan pricing is not affe...
08/10/2016
Mortgage backed securities (MBS) closed up 22 basis points today at 103.88passed through and closed above resistance offered by both the 10 and 25 day moving averages after yesterday's bond rollover. The 30 year conforming remained solidly at 3.50% today for the best applicants. The refinance opp...
08/10/2016
Second quarter productivity was down .5% rather than increasing .5% as the market believed it would.  This negative news triggered a rally in what had been earlier a dismal MBS trading session.  Stocks flirted with new records throughout the day but both the Dow Jones Industrials and the S&P 500 ...
08/09/2016
Mortgage backed securities (MBS) closed up 25 basis points today at 103.91passed through and closed above resistance offered by both the 10 and 25 day moving averages. The 30 year conforming remained soldily at 3.50% today for the best applicants. The refinance opportunity is still very much in p...
08/09/2016
After Friday's reaction to a job report that show about one third more jobs created than the market expected, the euphoria had fully dissipated today.  Stocks here shuffled and poked around the bottom of the market like so many catfish.  The price of crude oil gushed to over $43 per barrel today ...
08/08/2016
Mortgage backed securities (MBS) closed flat today at 103.62 having been up between 7 and 10 basis points during the day.MBS bonds remained just below the 10 and 25 day moving averages while resting above support offered by the 50 day moving average 26 points below.  A strong jobs report took the...
08/08/2016
The street was expecting a government jobs report showing the creation of about 185,000 new non-government jobs in July.  When the actual number turned out to be 255,000, stock markets here popped and new records were the order of the day.  MBs bonds and interest rates suffered as a result.  The ...
08/05/2016
Mortgage backed securities (MBS) closed down a whopping 31 basis points today at 103.66 and having fallen through dual support offered by the 10 and 25 day moving averages.  A strong jobs report took the gusto out of MBS bonds in a hurry.  The 30 year conforming remained at 3.50% today for the be...
08/05/2016
Today initial jobless claims spiked up a tad from the nearly 4 decade lows we were seeing the past few weeks,  The Bank of England cut its benchmark interest rate by .25% today to .25%.  This accommodative action was greatly appreciated in European markets but it seems traders hear were more conc...
08/04/2016
Mortgage backed securities (MBS) closed up 22 basis points today at 103.97 having broken remained above resistance previously offered by the 25 day moving average and all the other moving averages.  As suggested yesterday close above resistance did give us a nice bump today.  The 30 year conformi...
08/04/2016
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