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

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2017 

Mortgage backed securities (MBS) closed up 38 basis points today at 102.41 having broken through the 25 day moving average during the session.  MBS bonds rose up to touch the 10 day moving average prior to falling just 6 basis points below it at the close.  The 30 year rate remained at 4.25% toda...
01/23/2017
All three major domestic exchanges had moderate advances today on Donald Trump's first day as our country's unlikely new President.  Even mortgage backed securities which had experienced significant sell-offs earlier this week managed a minor gain.  There was a heart wrenching rendition of the we...
01/20/2017
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Today was the day that "the Donald" finally took office as the 45th President of the United States.  It was a day filled with bluster, raindrops and even several executive orders.  Inaugurations are always spectacular events and today's was no exception.  Trump followed his campaigns theme strong...
01/20/2017
Mortgage backed securities (MBS) closed up 9 basis points today at 102.03 having Broken through the 25 day moving average during the session before closing just 2 points below it. The 30 year rate remained at 4.25% today.  If you have a rate of 5% or more it is still not too late to refinance; es...
01/20/2017
Mortgage backed securities (MBS) closed down 22 basis points today at 101.94 having once again hit the lowest close since December 28th and, of course, the lowest close of this year  MBS bonds fell through the 25 day moving average.  The 30 year rate rose to 4.25% today.  If you have a rate of 5%...
01/20/2017
With just over 26 hours remaining before the commencement of Trump's tenure as U.S. President, the press, the pundits and the investment hawks have created a swirling enigma of possible outcomes.  Inevitably some, maybe even many of them, will come true.  It is kind of like the sign on the garage...
01/18/2017
Mortgage backed securities (MBS) closed down 66 basis points today at 102.16 having hit the lowest close since December 28th and, of course, the lowest close of this year  MBS bonds fell throughout the 50 day moving average and landed squarely on the 25 day moving average.  The next level of supp...
01/18/2017
It appears the post election Trump jump is beginning to fizzle as the inauguration looms ever closer.  All three major U.S. indices closed lower today.  MBS conversely closes higher raising hopes that we might get some mortgage rate improvements.  Gold has been inching slowly higher over the past...
01/17/2017
Mortgage backed securities (MBS) closed up 25 basis points today at 102.78 having made up for almost all of Friday's loss.  MBS bonds managed to once again close above the 50 day moving average  The 30 year rate remained at 4.125% today.  If you have a rate of 5% or more it is still not too late ...
01/17/2017
It is hard to believe that the inauguration of Donald Trump as President of the United States will take place at 9 Am Friday morning.  The unlikelihood of a man winning the most powerful position in the world even as his own party decried him and even sometimes campaigned against him, is truly in...
01/16/2017
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