ARCHIVED BLOG POSTS
2016
Stocks did not make any big moves today despite a bevy of economic activity. Inflation was tame and, as to predicted on the last day of the month in April, the mortgage closing volume was massive. On Tuesday alone we closed 210 loans. Apple's earnings report continue to weigh on the market tod...
04/29/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.44 having fallen through and closed just 1 point below support offered by the 25 day moving average. MBS bonds now rest above all but one of the moving averages.I am still advising clients to float loans that will be closin...
04/29/2016
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Stocks hard a tough day today as the Dow fell from its lofty perch above the 18,000 level. The Bank of Japan failed to continue their accommodatvive policies and the Amazon earnings report kept investors shaking their heads. Crude OIl was back up to nearly $46 per barrel but that was not enough...
04/28/2016
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Mortgage backed securities (MBS) closed up 22 basis points today at 102.47 having passed through and closed above resistance offered by the 25 day moving average. MBS bonds once again sit proudly above all the moving averages and may be poised to help interest rates improve yet again. Weak econ...
04/28/2016
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If you’ve ever wondered what you could do to improve your credit and strengthen your credit scores, we have some very good news. Our revolutionary New Leaf mortgage credit repair program will guide you to better, stronger credit as quickly as possible. New Leaf is a computer-based program, powere...
04/27/2016
Today was the end of this month's Federal Reserve Open Market Committee. As always the 2:00 PM announcement is followed by a new conference with Fed Chief Janet Yellen. There was little change in her comments other than dropping the word "risks" about the global economy. She cited some improve...
04/27/2016
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Mortgage backed securities (MBS) closed up 34 basis points today at 102.25 having bounced back nicely. MBS bonds crossed over the 10 and 50 day moving average today prior to closing just below the 10 day moving average. This is good news for bonds. We will see if rates can improve a little m...
04/27/2016
This week the Fed will have its Open Market Committee meeting which begins Tuesday and culminates at 2 PM Wednesday with a news conference with Janet Yellen. Fed Chief Yellen is known for long explanations with extremely complicated analysis of the economy and the state of inflation. Laymen wou...
04/25/2016
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having continued its long slow slide now finding itself below the 10, 25 and 50 day moving averages. The MBS bonds have now lost 53 basis points over the last four trading sessions. remember that every 50 basis points e...
04/25/2016
We at The Federal Savings Bank have a proprietary credit repair service called New Leaf. Here are some success stories from clients whose scores soared in just a short period of time.Bill started in March of this year and had a mid-score of 671. He needed to get to a 720 to qualify for his fina...
04/21/2016
