Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2017 

This is Fed week with the Open Market Committee meeting Tuesday and Wednesday culminating with Janet Yellen's often perplexing news conference.  The Fed Chairman, who is autonomous from the Donald's glowering stares, will speak in her inimitable style of long sentences packed with technical terms...
01/30/2017
Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having closed just 11 basis points below resistance offered by the 10 day moving average.  The 30 year rate was at 4.375% today.  If you have a rate of 5% or more it is still not too late to refinance; especially for thos...
01/30/2017
There was no new record high for the Dow Jones Industrials today as the Dow and the S&P 500 closed with slight losses.  At the same time MBS bonds actually had a good day today with a badly needed moderate gain.  It is a long way back from being over 105 on November 4th to the low of 101 on Decem...
01/27/2017
Mortgage backed securities (MBS) closed up 3 basis points today at 102.00 having closed just 14 basis points below resistance offered by the 10 day moving average.  The 30 year rate was at 4.375% today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those ...
01/27/2017
Mortgage backed securities (MBS) closed up 3 basis points today at 101.84 having remained 30 basis points below resistance offered by the 10 day moving average.  I hope to see more improvement tomorrow.  The 30 year rate was at 4.375% today.  If you have a rate of 5% or more it is still not too l...
01/27/2017
With no economic reports due out today, stocks did all the talking.  All three major U.S. exchanges changed closed at new highs today.but the Dow Jones Industrials index was the headliner.  After much anticipation, the Dow finally closed above the ever illusive 20,000 level!  Bonds bore the brunt...
01/25/2017
Mortgage backed securities (MBS) closed down 25 basis points today at 101.81 having remained below all the moving averages.  MBS bonds closed 19 points above their low of the day.  I hope to see improvement tomorrow.  The 30 year rate was at 4.375% today.  If you have a rate of 5% or more it is s...
01/25/2017
Markets acted normally today as MBS bonds and Treasuries fell and stocks rose at their expense.  3M, which used to be known as Minnesota Mining and Manufacturing, rose today.  3M is one of the stocks that is thought to have the potential to do nicely with Trump's agenda of rebuilding the infrastr...
01/24/2017
Mortgage backed securities (MBS) closed down 31 basis points today at 102.41 having fallen below the 25 day moving average once again during the session.  MBS bonds close just 9 points above their low of the day.  The 30 year rate was at 4.375% today.  If you have a rate of 5% or more it is still...
01/24/2017
With no economic reports due out today, investors and pundits took the path of least resistance and bet on the effect new Trump policies would have on markets around the world.  News so far today included an executive order to renegotiate NAFTA, our agreement with our neighbors Canada and Mexico,...
01/23/2017
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