ARCHIVED BLOG POSTS
2016
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Thank You for Your Dedication and Service!WHO CAN BENEFIT? (Active or Retired) Educators Emergency Medical Services Firefighters Law Enforcement Officials Medical Professionals Military & Veterans (Active & Reserves) Union Members At the Federal Savings Bank, we want to recognize you professional...
05/06/2016
Please call me if you would like to purchase a home for your parents in any of the 50 states. 203-981-822Are Mom and Dad in need of a home and can’t purchase one on their own? With The Federal Savings Bank Family Opportunity Mortgage you can purchase a home for your Mom and Dad with as little as...
05/06/2016
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Today the government jobs report was release and it show the 160,000 new jobs had been created. This number was very close to the 156,000 that ADP had reported and disappointingly below the 200,000 that had been anticipated. Stocks initially opened lower on the news but then predictably make a ...
05/06/2016
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.759 having remained above the 25 day moving average and all the other moving averages. Prices are currently at the top of their trading range and it may be wise to lock rates in the short run. I would, however, cautiously...
05/06/2016
ADP released its take on the private jobs number of workers added to the workforce in April. Despite 196,000 new jobs having been expected, ADP reported only 156,000 new jobs. Combine that with continued week economic news from abroad and domestic stocks were down for their second consecutive d...
05/04/2016
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.59 having remained above the 25 day moving average and all the other moving averages. Today's advance showed some moderation with the Jobs report coming on Friday. Hopefully rates will stay great throughout the spring marke...
05/04/2016
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A couple surprise overnight announcements from the far east and Australia forced money out of stocks into a safe harbor trade into bonds today. China published some week manufacturing numbers while Australia cut its benchmark interest rate. Stocks began the morning lower and fell throughout the...
05/03/2016
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Mortgage backed securities (MBS) closed up 28 basis points today at 102.56 broken through the 25 day moving average and closed 8 basis points above it. MBS bonds now rest above all of the moving averages. Today's advance looks good for bonds in the short term but remember that the Jobs report is...
05/03/2016
The Institute for Supply Management index was down today but still signaled some improvement in manufacturing in April. At the same time construction spending was down but there were upward adjustments for previous months. With no economic reporting tomorrow, the focus for the week is on Friday...
05/02/2016
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Mortgage backed securities (MBS) closed down 16 basis points today at 102.28 having fallen near and closed just 2 and 4 points above the 10 and 50 day moving averages respectively . MBS bonds now rest above all but one of the moving averages . I am watching carefully and still advising clients t...
05/02/2016
