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

ARCHIVED BLOG POSTS

2018 

Stocks had their way today as prices rocketed higher.  As is typically the case, bonds suffered as a result.  MBS bonds fell yet farther below all the five moving averages and the yield on the 10 year Treasury was up to 2.587 dangerously close to the historic level of 2.62.  In the past,when the ...
01/17/2018
Mortgage backed securities (MBS) closed down 25 basis points today at 101.69 having remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 47 basis points below the 10 day.  The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.25%.  Whether ...
01/17/2018
Earnings season began in earnest today and stock futures projected a forward looking outlook.  Early in the session 69% of companies reporting had improve earnings and 85% had exceeded expectations.  If this trend continues markets could rally strongly.  What held us back from advances today was ...
01/16/2018
Mortgage backed securities (MBS) closed flat today at 101.94 having remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 36 basis points below the 10 day.  The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.25%.  Whether in New England, ...
01/16/2018
Stock and bond markets here were closed today in commemoration of Martin Luther King, Jr. Day.  The Civil Rights activist who was gunned down in Memphis in a 1968, was remembered in ceremonies across the country and recognized for his integrity, bravery and passion for equal rights for all mankin...
01/15/2018
Did you know that there is a company in City of Industry, California which not only distributes sriracha sticks to insert in meat and marijuana preserving containers requiring no refrigeration, but also tree free copy paper,  See the excerpt below from their website which details the green paper,...
01/15/2018
Here we go again!  Stocks stampeded forward today setting new records for all three of the major U.S. exchanges.  At the same time oil charged ahead closing over $64 per barrel setting a new four year high.  The December Consumer Price index (CPI) was up .1% today versus the .2% increase expected...
01/12/2018
Mortgage backed securities (MBS) closed down 9 basis points today at 101.94 having remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 36 basis points below the 10 day.  The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.25%.  Whether i...
01/12/2018
While stocks closed at record highs it seems as if the water may be rising here tomorrow.  We are expecting heavy rains, which combined with a lot of snow and frozen ground, could be recipe for water with no place to go.  The fears of a surprise surge of inflation were quelled today as the produc...
01/11/2018
Mortgage backed securities (MBS) closed up 9 basis points today at 102.00 having 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 available at 4.125% today.  The 30 year jumbo was at 4.25%.  Whether in ...
01/11/2018
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