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

ARCHIVED BLOG POSTS

2017 

The Dow Jones Insdutrials Average, a price weighted average of the 30 most prominent stocks contributing to the U.S. economy, crashed through the 23,000 mark during the trading session today prior to closing below it.  Don't be too disppointed, however, as it did close at yet another record high....
10/17/2017
Mortgage backed securities (MBS) closed flat today at 103.03 having finished the day just 8 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Midwest or a...
10/17/2017
Mortgage backed securities gave up a lot their Friday gains today as the 3.50% coupon bonds languished around 90 basis points below the highs of early September.  FHA and VA loan rates are still below 3.50% and represent real value for first time buyers and veterans.  When showing houses that hav...
10/16/2017
Mortgage backed securities (MBS) closed down 12 basis points today at 103.03 having finished the day just 11 basis points below resistance offered by the 25 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or ...
10/16/2017
Mortgage backed securities (MBS) had their third consecutive gain today having managed to recapture 44 basis points since Tuesday's close.  They still are 72 basis points below their recent high of 103.88 on September 7th.  The core Consumer price index was a steady 1.7% year over year last month...
10/13/2017
Mortgage backed securities (MBS) closed up 19 basis points today at 103.16 having finished the day just 11 basis points below resistance offered by the 50 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or th...
10/13/2017
As mortgage backed securities (MBS) experienced their first two day advance in weeks, stocks took a breather from their continuous advances of recent days.  Tomorrow traders will have the Consumer Price Index (CPI), retail sales and consumer sentiment to review while determining their investment ...
10/12/2017
Mortgage backed securities (MBS) closed up 16 basis points today at 102.97 having finished the day just 2 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or th...
10/12/2017
With no economic reports being released here today stocks managed small gains as mortgage backed securities edged up 12 points.  Every month mortgage bonds have what is called a rollover when the bond traded changes from one month to the next one.  This has the effect of lowering the closing pric...
10/11/2017
Mortgage backed securities (MBS) closed up 12 basis points today at 102.84 having finished the day just 17 basis points below resistance offered by the 100 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or t...
10/11/2017
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