Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2010 

Proctor and Gamble and Dow Chemical came out with weaker earnings early this morning and stocks got off on the wrong foot.  Factory orders fell slightly more than expected and although pending home sales declined they fared better than had been forecast.  GM and Ford released improved sales numbe...
08/03/2010
Mortgage backed securities closed up 25 basis points today at 102.41 coming to rest between the highs last Thursday and Friday and just 12 basis points below the new resistance.  MBS bonds continue to astound as they remain in rarified air equivalent to that of Mount Everest.  Tame inflation read...
08/03/2010
The stock market roared ahead today as the bulls seized control on news of strong earnings from HSBC and other European stocks as well as solid manufacturing reports from across the pond.  The S & P 500, an unmanaged index of 500 stocks thought to best reflect the U.S. market, closed up 24 at 112...
08/02/2010
Mortgage backed securities closed down 25 basis points today closing above the 25 day moving averagae but having fallen below the highs of Thursday and Friday which have now become another tough double reaistance.  Stocks soared today causing money to flow out of Treasuries and MBS bonds.  Tomorr...
08/02/2010
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Jeff Jensen

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