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

ARCHIVED BLOG POSTS

2009 

MBS prices are up +7/32 (FNMA 30-yr 4.5 at 101.19), above the initial price level at +2/32.  Today's economic data had little impact. Strong demand for the 30-yr Treasury auction helped MBS markets, and foreign investors purchased 46% of the total. A stock market rally may have prevented even lar...
03/12/2009
MBS prices are up +10/32 (FNMA 30-yr 4.5 at 100.97), above the initial price level at +1/32.  No economic data came out today. After a quiet session for most of the day, MBS markets received a late lift when the Fed released some transcripts from the Fed Board of Governors meetings during the pea...
03/11/2009
MBS prices are down -4/32 (FNMA 30-yr 4.5% at 101.00), at the initial morning price level at -4/32. MBS prices stayed in a narrow trading range during the day. Stocks on the other hand rallied nicely. The Dow was up over 370 points. A stock market rally like this could have been expected to pull ...
03/10/2009
This week, concerns about prolonged weakness in the economy caused investors to sell stocks and buy relatively safer investments, including mortgage-backed securities (MBS). This, plus the fact that the Fed purchased more MBS than in any prior week, resulted in mortgage rates falling a little dur...
03/06/2009
MBS prices are down -5/32 (FNMA 30-yr 4.5 at 101.06), at the initial price level at -5/32. The Employment data showed that the Unemployment Rate jumped to 8.1% from 7.6%, but the report ended up having little impact on stocks or MBS markets. The Dow rose 30 points, but still ended about 700 point...
03/06/2009
MBS prices are up +18/32 (FNMA 30-yr 4.5 at 101.22), well above the initial price level at +7/32, and at the high for the day. A large decline in the stock market lifted MBS markets. Today's economic data had little impact. The Dow fell 280 points to the lowest level since April 1997. Tomorrow, t...
03/05/2009
MBS prices are down -2/32 (FNMA 30-yr 4.5 at 100.66), above the initial price level at -4/32. It was a quiet session in MBS markets. The stock market rallied following the news that China will implement another large economic stimulus package. The ISM Services index came in close to expectations....
03/04/2009
MBS prices are up +5/32 (FNMA 30-yr 4.5 at 100.72), above the initial price level at -5/32. Favorable repricing took place. January Pending Home Sales fell 8% to a record low, while housing affordability rose to a record high. The weaker than expected economic news pushed MBS prices higher. Speec...
03/03/2009
MBS prices are up +9/32 (FNMA 30-yr 4.5 at 100.56), above the initial price level of unchanged. The Dow fell 300 points, to its lowest level since 1997, which boosted MBS markets. Today's economic data had little impact. The ISM national manufacturing index came in a little higher than expected, ...
03/02/2009
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Jeff Jensen

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