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

ARCHIVED BLOG POSTS

2008 

MBS prices are up +2/32 (FNMA 30-yr 6.0 at 100.47), flat to the initial price level. Today's CPI inflation data came in lower than expected, while measures of economic growth fell far short. Industrial Production dropped -2.8%. Capacity Utilization fell to 76.4%, the lowest level since 2003. The ...
10/16/2008
MBS prices are up +26/32 (FNMA 30-yr 6.0 at 100.41), far above the initial price level at -8/32. Unfavorable repricing was seen early and then favorable repricing took place. It was a very volatile session with MBS markets hitting a low of -11/32 and a high of +31/32. Concerns about slower econom...
10/15/2008
MBS prices are down -12/32 (FNMA 30-yr 5.5 at 97.59), far below the morning pricing level at +4/32. Unfavorable repricing was seen, more than once. No economic data came out today. MBS markets rallied a little early in the day, but fell for the rest of the session. The government announced that i...
10/14/2008
MBS prices are down -28/32 (FNMA 30-yr 5.5 at 99.34), below the 9:45 et pricing level of -18/32. For the second straight day, both MBS markets and stock markets fell significantly. Usually they move in opposite directions, as investors shift funds between stock markets and bond markets based on t...
10/09/2008
MBS prices are down -13/32 (FNMA 30-yr 5.5 at 100.22), far below the initial price level at +8/32. It was a volatile session. MBS markets fell to a low of -26/32, and unfavorable repricing was seen. A coordinated rate cut by many central banks around the world produced wide swings today in financ...
10/08/2008
MBS prices are down 6/32 (FNMA 30-yr 5.5 at 100.62), below the initial price level at -4/32. It was a volatile session, and first unfavorable and later favorable repricing was seen. The Dow lost about 500 points. Fed Chief Bernanke suggested that economic growth will be weak "into next year", and...
10/07/2008
MBS prices are up +15/32 (FNMA 30-yr 5.5 at 100.81), flat to the initial morning pricing level at -5/32. It was a volatile session, but the volatility was much greater in stock and Treasury markets. Global equity markets plunged on continued concerns about the credit markets. The Dow was down as ...
10/06/2008
All eyes were on Congress this week as they debated the financial rescue plan. Fed Chief Bernanke and Treasury Secretary Paulson proposed the $700 billion plan to purchase troubled mortgage assets from financial institutions, providing the institutions with much needed capital. The expectation is...
10/03/2008
MBS prices are unchanged (FNMA 30-yr 5.5 at 100.25), above the initial price level at -5/32. It was a volatile session, and MBS markets reached a low of -11/32. The rescue plan passed in the House. The stock market fell sharply after the vote, while MBS markets rose a little. The Employment repor...
10/03/2008
MBS prices are up +7/32 (FNMA 30-yr 5.5 at 100.19), above the initial morning price level at +5/32. Despite big moves in stock and Treasury markets, MBS markets remained in a narrow range for the entire session. Today's economic data was weaker than expected. The outcome of tomorrow's House vote ...
10/02/2008
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Jeff Jensen

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