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

ARCHIVED BLOG POSTS

2015 

Stocks floundered today as new home sales increased 5/.9% year over year from March 2014.  Disney showed strong profits and Kellogg's the cereal maker from Battle Creek, Michigan did better than expected.  The Reserve Bank of Australia cut its main policy rate to a record low 2%.  As the U.S. tra...
05/05/2015
Mortgage backed securities (MBS) closed down 25 basis points today at 100.91 having fallen through and closed below support offered at the 100.97 level.  The good news is that there is still a bottom from which to bounce.  The 200 day moving average is still 26 basis points below at 100.65.  Hist...
05/05/2015
Stocks rallied to come back from the string of losses earlier in the week.  With the Euro surging and the 10 year Treasury over 2% there was every reason to think that the Fed would hold off on rate hikes at their June meeting.  Positive earnings reports earlier in the week fed fuel to rumors tha...
05/01/2015
Mortgage backed securities (MBS) closed down a whopping 47 basis points today at 101.38 having remained below resistance offered by the 50 and 100 day moving averages.  MBS bonds suffered today stocks rebounded from what was until today, a very bad week.  An alert to lock was issued during the da...
05/01/2015
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