Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2018 

Today was Fed day when the Fed's Open Market Committee concluded its meeting and Janet Yellen held court at her last news conference as Fed Chairman.  The Fed message was a bit hawkish sighting a somewhat stronger economy and anticipating rising inflation during the next twelve months.  The Dow, ...
01/31/2018
Mortgage backed securities (MBS) closed up 6 basis points today at 101.00 after having been down as many as 44 basis points during the session.  They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 28 basis points below the 10 day.  The 30 year was ava...
01/31/2018
Stocks experienced the largest two day sell-off since June 2016 today.  Traders are concerned that the increasing yields of Treasuries and MBS bonds will push mortgage interest rates higher.  We should be concerned a s well because if this trend continues rates will be higher.  Amazon, Warren Buf...
01/30/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 100.97 after having been down as many as 25basis points during the session.  They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 37 basis points below the 10 day.  The 30 year was av...
01/30/2018
Today the Fed's favorite measure of inflation the core Personal Consumption Expenditure index (PCE) was released and it showed year over year inflation at 1.5%.  As I have mentioned many times, the Fed's goal for inflation is 2%.  With the economy increasing at a rate of 2.6% last quarter, that m...
01/29/2018
 Mortgage backed securities (MBS) closed down 22 basis points today at 101.06 after having been down as many as 41 basis points during the session.  They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 37 basis points below the 10 day.  The 30 year was...
01/29/2018
 Mortgage backed securities (MBS) closed down 22basis points today at 101.28 after having been down as many as 31 basis points during the session.  They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 27 basis points below the 10 day.  The 30 year was ...
01/26/2018
I have a solution which can instantly reduce high debt-to-income ratios.  My bank offers a personal loan requiring no collateral up to $35,000 which consolidates high interest debt into one payment.  The result can significantly lower the borrower's debt-to-income ratio which may allow buyers who...
01/26/2018
As President Trump and Treasury Secretary Mnuchin shared juxtaposed positions on the U.S. dollar today, stock and bond markets were roiled with volatility.   Industry giants Caterpillar and 3M's strong earnings today pushed the Dow Jones nicely forward, the S&p 500 struggled for a small gain and ...
01/25/2018
Mortgage backed securities (MBS) closed up 16 basis points today at 101.38 after having been up as many as 16 basis points during the session.  They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 5 basis points below the 10 day.  The 30 year was avail...
01/25/2018
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