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

ARCHIVED BLOG POSTS

2016 

Oh boy!  Here we go again!! Mortgage backed securities (MBS) closed down a whopping 50 basis points today at 102.56 becoming a massive 230 basis points below the 200 day moving average.   This is a massive setback after the last two days of gains.  The 30 year was at 4.125% again today.  Whether ...
11/30/2016
MBS bonds moved ahead again today but only slightly in the face of a small advance in stocks.  According to Fed fund futures, there is almost a 100% chance of a rate hike at next month's Fed Open Market Committee.  That is pushing the dollar higher just as oil fell a bit today as doubt clouded wh...
11/29/2016
Mortgage backed securities (MBS) closed up 15 basis points today at 103.03 remaining a full 185 basis points below the 200 day moving average.   This is the first two day improvement since the election.  The 30 year was available at 4.125% again today.  Whether in New England, the Mid Atlantic or...
11/29/2016
As stocks slipped slightly from their post election highs. MBS bonds made up nearly 50 basis today.  It that nice gain holds, we may see a 4.00% mortgage rate here and there tomorrow.  Keep in mind that bank pricing desks are always slower to reduce rates than to increase them.  Crude oil was up ...
11/28/2016
Mortgage backed securities (MBS) closed up 41 basis points today at 102.88 remaining a full 200 basis points below the 200 day moving average.   This is the largest one day improvement since the election.  The 30 year was available at 4.125% again today.  Whether in New England, the Mid Atlantic ...
11/28/2016
I am writing to wish you all a Happy Thanksgiving.  Whether your family and friends are near or far away, I hope you are able to enjoy pleasant moments together on this special day.  I have posted my Thanksgiving poem below.  I hope you enjoy it and feel free to share it as you wish. Thanksgiving...
11/23/2016
Mortgage backed securities (MBS) closed down another 35 basis points today at 102.53 remaining well below the 200 day moving average.   It will be interesting to see when this skid will come to an end.  The 30 year was available at 4.125% again today.  Whether in New England, the Mid Atlantic or ...
11/23/2016
It is hard to believe that it was 53 years ago today when President Kennedy was assassinated in Dallas.  I remember distinctly as I was in Latin class at Deerfield when the announcement came over the loud speaker.  It was a Friday and we had an early class schedule to accommodate interscholastic ...
11/22/2016
Mortgage backed securities (MBS) closed flat today at 102.88 resting well below the 200 day moving average.   MBS bonds did well to stand their ground today in the face of moderate gains in stocks.  The Dow closed over 19,000.  The 30 year was available at 4.125% again today.  Whether in New Engl...
11/22/2016
The post election rally broadened a bit today as the Dow surged to near 19,000.  Oil futures moved upward today as Russia declared it would have no problem cutting production.  Cutting production has the effect of driving up the price per barrel.  With the impending long holiday weekend, fewer an...
11/21/2016
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