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

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2016 

Stocks took a major beating today with all three major U.S. exchanges losing more than 1% if their value during the session.  S&P futures were lower today as crude oil futures drifted lower overnight.  The International Energy Agency report that the persistent oil glut will likely continue well i...
09/13/2016
Mortgage backed securities (MBS) closed down 16 basis points today at 103.22 having taken a dangerous dip below the 100 day moving average prior to closing just above it.  Closing below that level would not bode well for bonds.   The 30 year was at 3.625% during today's trading. Whether in New En...
09/13/2016
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Before Hillary Clinton became ill over the weekend she managed to insult tens of millions of Americans who are Trump supporters with some vicious and scathing language.  With so much contentious verbiage flying out their mouths each day it is hard to tell which one has done the most self damage. ...
09/12/2016
Mortgage backed securities (MBS) closed up 9 basis points today at 103.59 having remained below the 10, 25 and 50 day moving averages.  Hopefully MBS bonds can recover quickly from Friday's sharp sell-off.   The 30 year was just 10 basis points in pricing above 3.50% during today's trading. Wheth...
09/12/2016
Mortgage backed securities (MBS) closed down 19 basis points today at 103.81 still remaining above all of the moving averages and coming to rest 5 basis points above the 10 day which was the highest today.  The 30 year was 3.50% during today's trading. Whether in New England, the Mid Atlantic or ...
09/08/2016
Concern about interest rates manifested itself in the minds of traders this morning as stock futures opened slightly lower.  San Francisco Fed President.Williams discounted inflation data this morning encouraging a Fed rate hike sooner than later.  Meanwhile the handicappers on the Fed funds futu...
09/07/2016
Mortgage backed securities (MBS) closed flat to today at 104.00 remaining above all of the moving averages and coming to rest 28 basis points above the 50 day which was the highest today.  The 30 year was within 10 basis points of 3.375% during today's trading. Whether in New England, the Mid Atl...
09/07/2016
With Labor Day in our rear-view mirror once again this year, business began coming back to life acting grouchy and moving slowly like a bear after hibernation.  In just over two weeks we will be sliding into what many here in Connecticut consider the best season of the year.  We are accustomed to...
09/06/2016
Mortgage backed securities (MBS) closed up a whopping 38 basis points today today at 104.00 eclipsing all of the moving averages and coming to rest 28 basis points above the 50 day which was the highest today.  We will see if 3.375% might become available tomorrow. Whether in New England, the Mid...
09/06/2016
Today is jobs day and the expectation was that 180,000 new jobs were created in August.  When the government report came out it turned out that only 151,000 new jobs had been created.  This caused Fed funds futures which had been calling for a 25% chance of a rate hike this month to drop their ha...
09/02/2016
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