Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2014 

Stock futures pointed lower this morning as news came in from the Eurozone that Italy is heading into a recession and German factory orders fell to their lowest levels since 2011.  The Fed's Fisher stated the Fed Board members are beginning to gravitate more toward his hawkish stand on rate which...
08/06/2014
Mortgage backed securities (MBS)closed up 3 basis points today at 105.50 having risen more than 15 basis points above the double resistance offered by the 25 and 50 day moving averages prior to closing just 3 points below them.  Bad news from Europe should have pushed bonds higher but slow summer...
08/06/2014
Gain your Staging Designation August 25th : FREE   I would like to invite you to a very special opportunity beginning August 25, 27, & 28.   AnnieMac Home Mortgage and I are sponsoring a Professional Designation as part of the AnnieMac Worx Productivity Platform. This particular event has proven ...
08/05/2014
Stocks had another stinker of a session today as a United States Major General was killed at an international gathering at an Afghan military school today.  The Institute of Supply Management Index came in higher than expected as home prices were ahead 7.5% year over year.  Talk of new Russian mi...
08/05/2014
Mortgage backed securities (MBS) closed down 6 basis points today at 105.47 having fallen below the double level of support offered by the 25 and 50 day moving averages.  MBS bonds closed in the middle of their trading range having surpassed the moving averages during the day prior to falling bel...
08/05/2014
Stock futures pointed higher this morning as news came out that Portugal had rescued its Banco Espirito Santo.  (Yes the have a bank of the Holy Spirit.)  Stocks actually spent much of the morning in the red .  There are 12 million fewer Americans in the workforce at month end than there were at ...
08/04/2014
Mortgage backed securities (MBS) closed up 6 basis points today at 105.53 having climbed through the double resistance offered by the 25 and 50 day moving averages prior to closing just 1  basis point below them.  With no economic reports coming out today traders were watching for geo-political e...
08/04/2014
Stock futures pointed downward in advance of today's jobs report.  When the dust cleared the numbers were just below the streets expectations.  That is actually good news as part of yesterday's sell off that I did not touch on then was the fact that traders feared that too good a jobs number woul...
08/01/2014
Mortgage backed securities (MBS) closed up 35 basis points at 105.47 having passed through two levels of support and well on their way to the moving average above.  The new jobs number for July came in at 209,000 just below the 220,000 expected and the nominal unemployment percentage rose to 6.2%...
08/01/2014
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Jeff Jensen

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