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

ARCHIVED BLOG POSTS

2018 

After seeming endless cold weather and snow storm after snow storm, the temperature miraculously hit 70 degrees for a fleeting moment today.  In typical  Connecticut fashion it will fall to the low fifties by morning and we won't see 70 again for at least the next 10 days.  I have a rule that I c...
04/13/2018
Mortgage backed securities (MBS) closed up 9 basis points today at 102.25 resting 12 points below resistance offered by the 25 day moving average.  The 30 year was available at 4.50% day.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere el...
04/13/2018
Today was a good day for banking stocks as Wells Fargo, J.P. Morgan and Chase and all exceeded profits projections and both J.P. Morgan and Wells Fargo had better than expected revenue as well.  meanwhile gold was at $1,345 and ounce oil was at $67 per barrel and the 10 year Treasury moderated at...
04/13/2018
President Trump's saber rattling roiled equity markets today and send funds into the perceived safety of fixed rate products like Treasuries and mortgage backed securities.  Apparently he is still on the fence as to whether he should pull the trigger on bombing Syria and cause Vladimir Putin to g...
04/11/2018
Mortgage backed securities (MBS) closed up 9 basis points today at 102.44 resting 3 points below resistance offered by the 50 day moving average.  The 30 year was available at 4.50% day.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere els...
04/11/2018
Boy it did not take long for the news of the subpoena visit on Trump's attorney to lose it's negative effect on the market.  The market futures soared when China President XI Jinping promised to cut tariffs and open the country's economy.  Meanwhile Fed President Kaplan suggested that the economy...
04/10/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 102.53 resting 3 points above support offered by the 50 day moving average.  The 30 year was available at 4.50% day.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else...
04/10/2018
Once again President Trump used words to assuage markets into feeling better about potential trade wars with China.  He stressed today that a resolution could be achieved by trade talks.  In fact, his Chief Economic Advisor Larry Kudlow said it, "might turn out to be very benign."  During the ses...
04/09/2018
Mortgage backed securities (MBS) closed down 3 basis points today at 102.5 resting 79 points below resistance offered the200 day moving average.  The 30 year was available at 4.50% day.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else...
04/09/2018
U.S equity markets were slammed by a double whammy today as traders reacted to additional tariffs against China and a very poor government jobs number.  Although 175,000 non-farm new jobs were expected, the government reported only 103,000.  That is far cry from what the ADP numbers looked.  The ...
04/06/2018
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Jeff Jensen

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