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

ARCHIVED BLOG POSTS

2010 

Despite a surprisingly poor reading from ADP on jobs early this morning, the Dow spend the better part of the day in positive numbers.  Stocks came out of the doldrums whan a Chicago Purchasing Managers' Index showed results in line with those expected.  Late this afternoon the S & P 500 fell bel...
06/30/2010
Mortgage backed securities closed down 22 basis points today at 101.25 still in a range bewteen support offered by the high of 1/14/09 and resistance at the close of 12/17/08.  MBS bonds opened up slightly on the news of a poor jobs report from ADP's sometimes erroneous database.  An attempt to r...
06/30/2010
The Dow Jones Industrials and most other indices were pummeled today in reaction to poor performance by the Consumer Confidence Report.  Stocks got off to a bad start based on continuing jitters about the Euro and European debt.  Then word of slow growth in China imparted more pressure as stocks ...
06/29/2010
Mortgage backed securities (MBS) closed up 19 basis points today at 101.47 near their high of the day, coming to rest just under resistance offered by the high of 12/17/08.  The 4.0% coupon MBS bonds made two runs at resistance and fell back each time.  The ten year Treasury closed at an incredib...
06/29/2010
It seems that most eyes were watching the G20 Conference held in Canada over the weekend. The delgates came to a concensus, non binding, of course, that they would all work toward trimming fat and reducing their deficits.  The big question weighing on equity traders was whether or how much would ...
06/28/2010
Mortgage backed securities (MBS) closed up 44 basis points today at 101.25 coming to rest above rsistance offered by the high of 1/14/09 and just below the high of 12/17/08.  These are indeed incredible numbers.  I was able to quote a 30 year fixed conforming loan on a refinance today at 4.50% wi...
06/28/2010
The Dow Jones Industrials Average opened higher, bounced around throughout the day and wound up closing down just under 9 points.  An agreement on the new financial rgulations bill today bouyed stocks, not because traders necessarily welcome the regulation, but because the doubt is over.  Financi...
06/25/2010
Mortgage backed securities (MBS) closed up 38 basis points today at 100.81 just 24 basis point below resistance offered by the high of 1/14/09.  MBS bonds traded in a wide range today before closing significantly higher.  The bellweather 10 year Treasury which normally trends in the same directio...
06/25/2010
The Dow Jones average gained nearly 5 points today as traders processed anemic numbers in the new home sales report.  News that the Fed was continuing the low federal rates due to continued trouble in European markets and a somewhat slower than anticipated recovery here, kept stocks from a strong...
06/23/2010
Mortgage backed securities closed up 3 basis points today at 100.78 coming to rest just 10 basis points below resistance offered by the highs of yesterday.  During the day MBS bonds managed to break through resistance but were not able to sustain that level.  This is quite a surprising level to b...
06/23/2010
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Jeff Jensen

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