Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2016 

The strike this morning by 39,000 Verizon workers was not enough to outweigh some strong economic news from China and excellent profit and earnings reports from JP Morgan Chase.  Standard & Poor's futures were up as a result.  While the Mortgage Bankers Association quoted the average 30 year conf...
04/13/2016
Mortgage backed securities (MBS) closed up 6 basis points today at 102.59 having inched ever closer to resistance offered by the 10 moving average just 10 basis points above.  MBS bonds did well to make progress today in the face of another good trading session for stocks. Much of their progress ...
04/13/2016
After yesterday's volatile session which saw Dow stocks lose a 150 point gain and close down 20, tf appeared as if stocks would make a comeback today.  MBS bonds opened the day lower and stock futures did open higher despite Alcoa's disappointing earnings.  Despite the National Federation of Inde...
04/12/2016
Mortgage backed securities (MBS) closed down 18 basis points today at 102.53 after opening down a gap.  That caused the bond to tumble through and close below what had been support offered by the 10 day moving average which is now resistance 16 basis points above.  My call to lock yesterday turne...
04/12/2016
Standard & Poors stock futures pointed higher this morning as we approach the first day of earnings season.  Alcoa is traditionally the first major corporation to report. The general outlook was somewhat gloomy as companies are slow to make progress in a sluggish global economy.  China;s inflatio...
04/11/2016
Mortgage backed securities (MBS) closed up 6 basis points today at 102.97 having remained above all five moving averages and closed 30 basis points above the 10 day moving average.  The reason the numbers look different today is that we switched from watching the 3.50% coupon bond to the 3.00% bo...
04/11/2016
So I left over-chilled New England behind to make the one day overnight trip to our nation's capitol.  Although I experienced temperatures  in high 40s and low 50s it was certainly a pleasant experience.  The redbud trees with their beautiful blossoms and the cherry blossoms really brightened up ...
04/08/2016
A rally in global markets today did little to offset yesterday's losses in equity markets here. Despite a large improvement in crude oil futures, however, U. S. stocks did manage to make some small gains.  Stock markets have been mercurial lately seesawing up and down in the short term.  Since th...
04/08/2016
Mortgage backed securities (MBS) closed up 6 basis points today at 105.03 having closed once again above support offered by all the moving averages and at the highest level since April 27th of last year.  This improvement in MBS bonds allowed the 30 year conforming rate to fall to 3.625% today an...
04/08/2016
It is hard to believe that the dirt in my dogs pen was frozen solid this morning as the arctic air suspended spring's explosion of new growth in my back yard.  Many green and other colored shoots seemed to be in a trance as if the cold had taken their breath away.  Tomorrow i will be down in Wash...
04/06/2016
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Jeff Jensen

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