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

ARCHIVED BLOG POSTS

2018 

It took a lot of losing in the stocks market today to give a small boost to MBS bonds.  The Dow was especially hard hit by the continued  talk of rising interest rates.  Tomorrow wee will receive reports on personal and consumer spending.  The personal consumption expenditure which is the Fed's f...
02/28/2018
Mortgage backed securities (MBS) closed up 19 basis points today at 102.44 having come to rest 15 basis points above the 10 day moving average and 31 points below the 25 day.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlant...
02/28/2018
Freddie Mac said today that due to strong economic growth and pent up demand for housing, they remain positive about the housing market in 2018.  They further stated the pace of upward movement in home prices may moderate as higher interest rates affect buyers' ability to afford current levels.  ...
02/27/2018
Mortgage backed securities (MBS) closed down 13 basis points today at 102.28 having come to rest 5 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere ...
02/27/2018
U.S. Treasury prices began the day higher allowing their yields to back away from recent highs.  Meanwhile domestic stocks were off to the races today.  For a week packed with economic reporting, stocks got off to a great start.  A five month low number of new housing starts was not enough to slo...
02/26/2018
Mortgage backed securities (MBS) closed down 3 basis points today at 102.44 having come to rest 10 basis points above the 10 day moving average and 43 basis points below the 25 day.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid...
02/26/2018
MBS bonds scored their second consecutive move upward today despite the fact that stocks had pretty strong results.  The Dow was up 347 points while the NASDAQ gained 127 and the Standard & Poors 500 was up 43.  The 10 year Treasury fell from its high of 2.91 yesterday down to 2.88.  The Fed's Bu...
02/23/2018
Mortgage backed securities (MBS) closed up 16 basis points today at 102.44 having come to rest 10 basis points above the 10 day moving average and 46 basis points below the 25 day.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid ...
02/23/2018
After a rough week, mortgage backed securities (MBS) made a little progress on what would be a long march back up the down staircase.  With 30 year fixed rates coming dangerously close to 4.50% and the Fed talking of three more rate hikes in 2018, today's minor advance was good news.  The Dow gai...
02/22/2018
Mortgage backed securities (MBS) closed up 16 basis points today at 102.03 having come to rest 17 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere e...
02/22/2018
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