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

ARCHIVED BLOG POSTS

2016 

Dow futures were down 400 points this morning as bad news seemed to permeate markets from all ends of the globe.  First oil futures continued down the slippery slide falling below $30 a barrel and were left wallowing motionless in a black slick.  Chinese markets entered bear territory and to exac...
01/15/2016
Mortgage backed securities (MBS) closed up 19 basis points today at 103.97 having closed 23 basis point above the historically tough resistance offered by the 200 day moving average.  This achievement was not accomplished without a cost, however.  The advance was caused by a major debacle in the ...
01/15/2016
Today began with good news from both the Euro-zone and corporate America.  The Euro rallied against the dollar today at the same time as JP Morgan announced that 4th quarter profits has exceeded estimates.  Conversely, St. Louis Fed President James Bullard indicated that the Fed's expectation for...
01/14/2016
Mortgage backed securities (MBS) closed up 3 basis points today at 103.78 having managed to break through and close above difficult resistance offered at the 200 day moving average now offering support just three basis points below.  MBS bonds did well to stay ahead today in the fact of a large r...
01/14/2016
The tech sector was absolutely pummeled today in the wake of the President's final State of the Union speech.  With no economic reports to guide them. stock traders looked to slowing global economies and rapidly falling oil and commodity prices.  The combination was a recipe for disaster as the t...
01/13/2016
Mortgage backed securities (MBS) closed up 3 basis points today at 103.75 having swung wildly during the day.  MBS bonds had been up to 104.00 during the day prior to closing right at resistance offered by the 200 day moving average.  This was a pretty pathetic performance on a day when stock pri...
01/13/2016
Stocks managed to avoid international disturbances today on the way to reasonable gains.  The NASDAQ, in fact, managed its first positive close for the year with a solid 47 point gain.  Keying on Asian and European markets, stock futures pointed upward this morning and up stocks did go.  Stocks m...
01/12/2016
Mortgage backed securities (MBS) closed up28 basis points today at 103.72 having remained squeezed between support offered by the 100 day moving average and resistance just 4 basis points by the the 200 day moving average.  MBS bonds did manage to break through the 200 day moving average during t...
01/12/2016
After the worst five day of a new trading year of all time, stocks finally found themselves in positive territory today.  With no economic reports coming out today stocks were torn between Beijing's struggle to keep its economy moving forward and last Friday's awesome jobs report.  Stocks were ab...
01/11/2016
Mortgage backed securities (MBS) closed down 18 basis points today at 103.72 having fallen through support offered at the 100 day moving average prior to closing above it.  MBS bonds can now be found just 4 basis points below resistance at the 200 day moving average.  We can benefit from some pre...
01/11/2016
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