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

ARCHIVED BLOG POSTS

2016 

At last one month into the winter solstice, real snow is coming to the east coast.  Remember just a month ago I sent out my poem about the White Celebration.  Well now it is coming to fruition.  States from the south all the way up to Maine will be blanketed in white.  We can all take time out to...
01/22/2016
Spurred on by some dovish words about interest rate made by the European Central Bank chief Mario Draghi, stocks had a second consecutive day of improvement.  A special award for an assist should be given to oil future and commodities at large.  Despite know of the massive worldwide glut in crude...
01/22/2016
Mortgage backed securities (MBS) closed down 12 basis points today at 104.00 having fallen below an interim support level offered at 104.03 but once again remained above the dual support offered by the 100 and 200 day moving averages.  These support levels are extremely important for forecasting ...
01/22/2016
Mortgage backed securities (MBS) closed down 4 basis points yesterday at 104.12 having remained above double support offered by the dynamic duo of the 100 and 200 days moving averages.  MBS bonds did well to hang in there in such rarefied air as stocks staged a bit of a comeback after the huge lo...
01/22/2016
Stocks nearly had a cataclysmic day at the Dow Jones Industrials were down a whopping 566 points at one moment during the day.  The big culprit today was once again oil as barrels of crude were selling for less than $28.o representing a 13 year low.  All in all stocks are heading for one of their...
01/20/2016
Mortgage backed securities (MBS) closed up 25 basis points today at 104.16 having broken through resistance offered by the 104.03 level and closed at the highest level since October 27 last year.  Before euphoria sets in about a rate sale, keep in mind that pricing desks are much quicker to raise...
01/20/2016
World markets were looking a bit snappier this morning and as a result, Dow Jones futures were up 234 points prior to 9AM.  It turns out that China was in fact bluffing a little bit about the dire straights of its economy.  The truth is that China's GDP grew a rate of 6.9% last year.  Although th...
01/19/2016
Mortgage backed securities (MBS) closed down 9 basis points today at 103.91 having remained about 20 basis points above the formidable double support offered by the 100 and 200 day moving average.  If MBS bonds can remain above support, we could see an improvement in rates.  History tells us, how...
01/19/2016
After a chaotic week, stocks took a much needed day of rest today as the country observed Martin Luther King Day.  There were some dovish comments late Friday and over the weekend stating that Chinese economic problems may be overstated.  Many times before China has cried foul and it was just a c...
01/18/2016
Mortgage backed securities (MBS) did not trade today as markets were closed in observance of Martin Luther King Day.  Friday MBS bonds had closed above the all important and virtually impenetrable 200 day moving average.  There are many questions that remain unresolved that will affect tomorrow's...
01/18/2016
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