Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2017 

Yesterday's reveal of the first quarter GDP at .7% showed little productivity but it was not neatly as bad as the .2% increase some pundits projected.  The report showed that consumer spending plunged to a .3% increase which was the lowest since the 4th quarter of 2009.  S &7 P stock futures were...
04/28/2017
Mortgage backed securities (MBS) closed up 9 basis points (bps) today at 102.81 having moved back to within 74 points of resistance offered by the 200 day moving average.  The 30 year conforming began the day at 4.125%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in ...
04/28/2017
There was no adjustment in European Union or Japanese monetary policy today as the core interest rates in both countries remained unchanged.  There was change in the White House policy today, however.  In reaction to requests from the Prime Minister of Canada and the President of Mexico to renego...
04/27/2017
Mortgage backed securities (MBS) closed up 9 basis points (bps) today at 102.72 having moved back to within 84 points of resistance offered by the 200 day moving average.  The 30 year conforming began the day at 4.125%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in ...
04/27/2017
Today was a busy day in the life and the mind of President Donald J. Trump.  After yesterday big gains in the stock market, S&P traders were not so sure how to plan their days as futures barely left the blocks at the open.  The average rate for an FHA loan today was 4.03% while the Federal Saving...
04/26/2017
Mortgage backed securities (MBS) closed up 34 basis points (bps) today at 102.44 having made up almost half of yesterday's losses.  Hopefully we can build on these gains tomorrow. The 30 year conforming began the day at 4.00%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere e...
04/26/2017
Stocks enjoyed a substantial rally today with no real positive impetus to drive them other than the president's willingness to hold off on the wall until after other important legislation has been enacted.  Reworking the tax reform and reduction plan and taking another crack at health reform appe...
04/25/2017
Mortgage backed securities (MBS) closed down a whopping 34 basis points (bps) today at 102.44 having remained just 26 bps above support offered by the 100 day moving average.  MBS bonds lost ground to the 200 day moving average again today.  The 30 year conforming began the day at 4.00%.  Whether...
04/25/2017
Global events continue to influence domestic markets as yesterday's election in France portrays.  Both the two highest votegetters in the first round of balloting are considered more pro European Union than con.  The result was that S & P futures were up substantially this morning.  With no econo...
04/24/2017
Mortgage backed securities (MBS) closed down 10 basis points today at 102.78 having remained above support offered by the 100 day moving average.  MBS bonds lost ground to the 200 day moving average again today.  The 30 year conforming began the day at 4.00%.  Whether in New England, the Mid Atla...
04/24/2017
Rainmaker
1,544,323

JeffJensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author