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

ARCHIVED BLOG POSTS

2016 

Wow it is hard to believe that this the last day of September.  Tomorrow will be Halloween, the next day Thanksgiving and Christmas will follow quickly behind.  How the days do flash by at this time of year.  Here in New England darkness is accelerating at a rapid rate each evening.  We have alre...
09/30/2016
Mortgage backed securities (MBS) closed down 6 basis points today at 103.97 having  remained above all 5 moving average and now just 15 basis points above the 10 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywh...
09/30/2016
OPEC, the Organization of Petroleum Exporting Countries after months of infighting announced today the beginning November they would cut production.  This sent oil pricing gushing higher due to the impending shrink in supply.  Stock traders rallied on the news as bonds fell somewhat from their lo...
09/28/2016
Mortgage backed securities (MBS) closed down today at 103.97 having  remained above all 5 moving average and now just 30 basis points above the 50 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the...
09/28/2016
Mortgage backed securities (MBS) closed flat today at 104.09 having  remained above all 5 moving average and a full 42 basis points above the 50 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U...
09/27/2016
Tonight is the first one on one debate between Hillary and the Donald.  Will it go down in history as Monday night at the fights?  I am not sure which performance I dread the most, Hillary shouting or Trump's puerile face making.  I would love it if there were a live truth checker in place that w...
09/26/2016
Mortgage backed securities (MBS) closed up 19 basis pointss today at 104.06 having  closed above all 5 moving average and a full 41 basis points above the 50 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere ...
09/26/2016
With no  economic or stirring global news to drive stock traders today, futures drifter lower.  After a new record high close for the NASDAQ yesterday stocks gave back some of the gains from the two previous sessions.  Despite the fact that Fed President Harker said that the economy was cooling a...
09/23/2016
Mortgage backed securities (MBS) closed flat today at 103.84 having  closed above all 5 moving average and a full 20 basis points above the 50 day moving average.  The 30 year was at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S...
09/23/2016
Today was Fed Day and after weeks of speculation, number crunching and handicapping, the Fed did the expected by leaving the Fed funds rate right where it was.  The much anticipated move is being referred to as a "hawkish hold" in that there were comments contained in the release that stated ther...
09/21/2016
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