Jeff Jensen's Blog

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



Equity traders are hiding their hands carefully as we approach Friday's government jobs report.  Its harbinger, the sometimes flawed ADP jobs report will come out tomorrow.  It has been and continues to be the Fed's practice to purchase MBS bonds with the proceeds and profits from the sales of it...
Mortgage backed securities (MBS) closed up 9 basis points today at 103.78 having broken thourhg and closed above resistance previously offered by the 25 day moving average now three points below.  This could bode well for tomorrow's session   The 30 year conforming remained at 3,50% today for the...
The year Treasury yield was up to 1.55 this morning up from 1.49 yesterday.  Seeing this and sagging MBS prices does not bold well for interest rates in the short run.  It would be prudent for your clients with closings in the near future to lock in their rates now.  With European stocks slipping...
Mortgage backed securities (MBS) closed down 16 basis points today at 103.66 having fallen down through support offered at the 25 day and 10 day moving  averages prior to bouncing off the 10 day and closing right at that level.   The 30 year conforming remained at 3,50% today for the best applica...
New York Fed President Dudley said today that, although he could not rule a rate hike this year, he thought it was more unlikely than likely based on the weak economy.  Combine that with falling crude oil price and stocks should rise, correct?  Well no.  Trader were looking ahead to this Friday '...
Mortgage backed securities (MBS) closed down 28 basis points today at 103.81 having fallen down to support offered at the 25 day moving  aveerge prior to bouncing off it and closing 6 points above it.   The 30 year conforming was back up to 3,50% today for the best applicants. The refinance oppor...


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