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

ARCHIVED BLOG POSTS

2010 

With no economic reports in the offing this morning stock futures pointed higher this morning as news came in from China that the Peoples Bank of China (PBC), (that sounds toxic doesn' it) decided to hold its rates steady despite a raging economy and 5.1% inflation.  The Dow which was up over 60 ...
12/13/2010
Mortgage backed securities (MBS) closed up 31 basis points today at 99.25 after having dipped below the next level of support before bouncing back and heading into the plus column.  The day's trading left us with a positive bullish piercing pattern, which in candlestick language points toward imp...
12/13/2010
Stocks were buoyed by a positive Consumer Sentiment reading this morning.  Later on good maunfacturing news from China stocks moved slowly into a positive postion.  The S &P 500, an unmanaged  index of stocks thought to aptly reflect the American market, closed at 1240 above an important technica...
12/10/2010
Mortgage backed seccurities (MBS) closed down 65 basis points today at 98.94 having fallen165 points this week alone.  The candlestick shows us that the bond closed at its low of the day which is a foreboding technical sign.  Consumer Sentiment had the best reading since summer began.  That combi...
12/10/2010
Stock futures pointed higher this morning bolstered by a lower than expected number of new jobless claims filed last week.  Democrats threatened to vote down the President's solution to the Bush tax cuts in angry reaction to the their having been left out of the negotiations.  Although they will ...
12/09/2010
Mortgage backed securities (MBS) closed up 41 basis points today at 99.94 having crossed through resistance and moved closer to the tough resistance posed by the 200 day moving average.  After the close, the monthly bond rollover caused a 38 point negaative adjustment.  The rollover does not affe...
12/09/2010
With no economic reports to guide them stock traders began the day with a slightly negative bias.  The opening was mixed with the Dow just about even.  With little news coming from our European neighbors, the trading range remained quite tight.  At the end of the day the Dow managed to gain 13 po...
12/08/2010
Mortgage backed securities (MBS) closed down 41 basis points today at 99.53 having traded in a wild 90 point range.  Two consecutive days of extreme volatility left traders wondering whether to buy, sell or just wait out the market.  Continued fears of the inflationary effect of the possibly cont...
12/08/2010
Stocks opened higher on news of a falling dollar in the face of the Irish appearing to accept the austerity budget puruant to the bailout without much fuss.  The extension of the Bush tax cuts to include those for the wealthiest also helped stocks.  The government sold the remaining portion of th...
12/07/2010
Mortgage backed securities (MBS) closed down 134 basis points today in one of the worst blood baths ever seen in the mortgage market.  MBS bonds crashed through the 200 day moving average and continued falling all the way down to the low of December 2nd before bouncing up slightly above that new ...
12/07/2010
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Jeff Jensen

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