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

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2018 

Mortgage backed securities (MBS) closed up 12 basis points today at 102.59 having broken through resistance at the 50  and 100 day moving averages.  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 e...
04/06/2018
Stocks made additional strides toward recovering from the large losses incurred in recent sessions.  They received a big assist from the like of Facebook and Amazon which bounced back nicely.  One caveat to pay attention to, however, is that tomorrow Fed Chair Jerome Powell will be speaking on th...
04/05/2018
Mortgage backed securities (MBS) closed unchanged today at 102.41 having closed 15 basis points below 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 in the U.S. his...
04/05/2018
With so much pundit chatter about trade wars and tariffs, It is difficult to keep our focus on the jobs  report coming out Friday.  The ADP private jobs number which is always a predecessor to the government report showed stronger than expected 241,000 jobs created in March.  That would be well r...
04/04/2018
Mortgage backed securities (MBS) closed down 3 basis points today at 102.44 having closed 15 basis points below 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 in th...
04/04/2018
This week is jobs report week.  With no economic reporting today, we look to tomorrow for the ADP private payroll report, Thursday we will have initial unemployment claims and Friday the government jobs report.  We are cautiously floating into Friday with a sharp eye ready to abort if necessary. ...
04/03/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 102.50 having closed 11 basis points below 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 in t...
04/03/2018
As the rumors about the world's retaliation to Trump's tariffs began to become reality, U.S. stock markets reacted badly..  After a first quarter during which the Dow was down around 2.5%, the Dow found itself down 750 points at its session low.  China has now imposed a 25% tariff on 128 U.S. pro...
04/02/2018
Mortgage backed securities (MBS) closed up 3 basis points today at 102.56 having closed 7 basis points below 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 in the ...
04/02/2018
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