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

ARCHIVED BLOG POSTS

2016 

The government jobs report exploded to the headlines this morning with a whopping 292,000 jobs having been created in December.  That number far exceeded the 200,000 new jobs that were expected.  As a result, the Dow Jones shot ahead 200 points in early trading.  But then traders and analysts got...
01/08/2016
Mortgage backed securities (MBS) closed up 16  basis points today at 103.88 having once again passed through and closed above stiff resistance offered by the 200 day moving average.  As I have written in the past, if MBS bonds can remain above this level we could have some improvement in mortgage...
01/08/2016
China's floundering economy continued to cause wailing at the trading desks of the major exchanges today.  There was talk of a devaluation of the yuan which caused the dollar to rise and commodities like oil to fall even further.  All of those activities normally cause stock prices to fall and fa...
01/07/2016
Mortgage backed securities (MBS) close up 3 basis points today at 103.72 having inched ever closer to resistance offered by the 200 day moving average just 6 basis points above.  Despite a huge sell-off in stocks, MBS bonds managed only that slight gain.  For that reason we continue to suggest lo...
01/07/2016
Stocks fell once again today in reaction to fears about North Korea's showboating and China's sagging economy.  This negativity in equities caused a "flight to safety" which helped MBS bonds somewhat but was a real boon to Treasuries.  Further threatening stocks was the fact the crude oil fell ba...
01/06/2016
Mortgage backed securities (MBS) closed up 38 basis points today at 103.69 having risen all the way up to resistance offered by the 100 day moving average and stopped just 9 basis points below the 200 day moving average.  Despite the nice improvement in pricing, we will continue to advise locking...
01/06/2016
Initially S &P 500 futures pointed lower this morning in the wake of yesterdays huge sell-off and late recovery.  Prior to the market opening, however they turned higher.  The Dow  managed a gain of about 80 points mid-session before a stronger dollar pushed down commodities which send it downwar...
01/05/2016
Mortgage backed securities (MBS) closed  up 9 basis points today at 103.31 having solidified their position above support offered by the 25 day moving average and crept to within 11 basis points of resistance at the 50 day moving average.  We will still employ a locking bias in advance of Friday'...
01/05/2016
A precipitous sell-off of around 7% in China which triggered a loss alert that closed their stock market for the day, sent shock waves through markets across the globe.  The Dow was down 468 point at one moment during the day.  To add the upheaval , fed speaker Williams said that he thought that ...
01/04/2016
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Here are my wishes for you all in 2016; the year to leap ahead.  I hope you enjoy the poem. A Year of Promise Wonder and amazement aboundThrough the air rushes the soundChurch bells ring for all to hearAs heralds of the coming new year What will it bring this new year to come?Will it bring joy fo...
01/04/2016
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