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

ARCHIVED BLOG POSTS

2018 

It is amazing how the technical aspect of markets works.  The yield on the 10 year Treasury which I wrote about in yesterday's blog rose all the way up to resistance at 2.61 prior to falling back to 2.54.  So the interest rate increases I warned about have been staved off for now.  Be observant, ...
01/10/2018
Mortgage backed securities (MBS) closed flat today at 101.91 having remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 51 basis points below the 10 day.  That was a vast improvement from the low of the day which was 29 basis points lower.  The 30 year was...
01/10/2018
Stock futures pointed higher once again today as investors kept buying the ever more expensive stocks available in the market.  Remember that yesterday, today and tomorrow there will be no economic reports coming out to sway traders.  January, which is traditionally a strong month for stocks, is ...
01/09/2018
Mortgage backed securities (MBS) closed down 32 basis points today at 102.06 having remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 46 basis points below the 10 day.  The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.25%.  Whether ...
01/09/2018
This is an extremely slow week for economic reporting as there will be no reports coming out until Thursday.  What we will have later in the week are two major measures of inflation embodied by the consumer and producer price indexes.  Oil was up above $61 per barrel today.  Marijuana stocks were...
01/08/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 102.41 having remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 13 basis points below the 10 day.  The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.25%.  Whether in...
01/08/2018
The December government non farm jobs report came in with !48,000 new jobs created versus the 188,000 expected.  On the brighter side the November numbers were adjusted upward from 228,000 to 252,000 new jobs created.  Next week is a light reporting week with only the consumer price index and the...
01/05/2018
 Mortgage backed securities (MBS) closed down 9 basis points today at 102.50 having fallen through support offered by the 10, 25 and 50 day  moving averages and come to rest 2 basis points below the 10 day.  The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.25%.  Whether in Ne...
01/05/2018
Well New England is at it again.  First we experience the extreme cold on and around Christmas.  Now after four early 1 to 4 inch snow storms, we were served up a 14" plus mini blizzard on January 4th.  In addition to howling winds throughout the day including gusts up to 50 miles per hour, tomor...
01/04/2018
Easy come; easy go.  Remember yesterday's 13 basis point gain, here we go.   Mortgage backed securities (MBS) closed down 13 basis points today at 102.59 having fallen through support offered by the 25 and 50 day  moving averages and come to rest 12 basis points above the 10 day.  The 30 year was...
01/04/2018
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