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

ARCHIVED BLOG POSTS

2017 

The mortgage backed security market was closed today in honor of Martin Luther King, Jr. day.  Last week our few successful sessions were coupled with some setbacks.  We have, however, seen home mortgage rates fall from the 4.375% level we saw two weeks ago down to 4.125%.  I was hopeful we would...
01/16/2017
If any of you out there are suffering from triskaidekaphobia, I hope it is not ruining your day.  Where did this fear come from you might be asking.  Some say that it came from Judas being the thirteenth one sit down at the last supper.  Although there were thirteen in attendance, Jesus and tht t...
01/13/2017
Mortgage backed securities (MBS) closed down 28 basis points today at 102.53 having been in positive territory most of the day.  MBS bonds tailed off at the end of the session and closed now 23 points below resistance offered by the 50 day moving average  The 30 year rate remained at 4.125% today...
01/13/2017
S&P stock futures started the day lower as the yield on the 10 year Treasury fell to 2.32% after having hit a high of 2.67% on December 15th.  Initial jobless claims came in at 247,000 this morning versus the 257,000 expected.  Quarterly earnings for 4 major banks including JP Morgan Chase, Bank ...
01/12/2017
Mortgage backed securities (MBS) closed down 3 basis points today at 102.78 having been in positive territory most of the day.  MBS bonds tailed off at the end of the session and closed just 3 points below resistance offered by the 50 day moving average  The 30 year rate remained at 4.125% today....
01/12/2017
Gold continued its slow march upward today after losing the luster is showed in the first half of trading this year.  The Donald's comments continued to amaze pundits across the globe as he stated that Russia would have greater respect for the United States when he is President.  Whether or not t...
01/11/2017
Mortgage backed securities (MBS) closed up 9 basis points today at 102.62 having come to rest 174 basis points below the 200 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 to refinance; especially for those jumbo loans. ...
01/11/2017
After the traumatic effect the election and the subsequent Fed rate hike had on interest rates, we have begun to see some progress in rates coming back down.  30 year fixed conforming rates which had risen from the mid threes all the way up to 4.375%,  were back at 4.125% today.  Rates which alwa...
01/10/2017
Mortgage backed securities (MBS) closed up 3 basis points today at 102.53 having made back half of Friday's loss and come to rest 183 basis points below the 200 day moving average.   The 30 year fell to 4.125% today.  If you have a rate of 5% or more it is still not too late to refinance; especia...
01/10/2017
Gold has steadily advanced from the 1,140s up into the 1,180s over the past few days.  It seems the announcement of the Muslim trade has been postponed until March.  It is highly expected, however, that Donald Trump will announce during or after his inauguration speech that he will lift a water r...
01/09/2017
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