ARCHIVED BLOG POSTS
2016
While bonds opened moderately lower, U.S. treasuries were dropping like a stone with a 44 point sell off in early trading. At the same time S&P futures made a big advance this morning in anticipation of the UK staying in the European Union. We will probably have the results later tonight. Week...
06/23/2016
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Mortgage backed securities (MBS) closed flat today at 102.75 having fallen off during the day prior to finishing just where they started.We will watch carefully to see if we can continue have a good time in bond land. Now is a good time to lock and secure these great rates. The 30 year conformi...
06/23/2016
Awards have become commonplace at The Federal Savings Bank. The bank has an unprecedented level of accuracy and skill when it comes to handling its clients and gliding files through the underwring process. Whether it is VA loans, 203K restoration loans, construction or reverse mortgages, our sy...
06/22/2016
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The excitement is brewing for tomorrow's Brexit vote about The United Kingdom remaining in the European Union. Handicappers today has the stay voters with a tiny lead over the leave voters. Stocks popped up moderately and the open despite crude oil having once again flowed above the $50 mark pe...
06/22/2016
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.75 having risen during the day to within 8 basis points of the 10 day moving average.MBS bonds inched back toward their two year highs. Now is a good time to lock.and secure these great rates. The 30 year conforming was once...
06/22/2016
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With no economic reports due out today, stock traders and pundits were prognosticating about the outcome of Thursday's Brexit vote. The odds of Great Britain leaving the European Union, which had been looking likely, seemed to have diminished over the last day or two. Meanwhile Janet Yellen's t...
06/21/2016
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Mortgage backed securities (MBS) closed down 15 basis points today at 102.66 having fallen through the 25 day moving average at 102.60 prior to bouncing back and closing above it.MBS bonds have fallen below their two year highs but still have strong support beneath them. Now is a good time to loc...
06/21/2016
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If you’ve heard about HECM loans, you may have heard some of the common misconceptions such as: You no longer own your home. With a Home Equity Conversion Mortgage (HECM) loan, commonly referred to as a reverse mortgage, you still own your home and the lender becomes a lien holder. You retain the...
06/21/2016
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Stock futures pointed lower this morning and sure enough when the market opened this morning stocks were headed straight south and bonds conversely were rally. A combination of a turn around in stock prices and a stiff wall of resistance at the two year time line cost bonds all their early gains...
06/16/2016
