Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2016 

Inflation in the European Union was the highest year over year since 2104 last month.  The being said it was only up a meager .4% over the past year.  West Texan crude oil remain right around the $50 mark and Janet Yellen said that the economy was slipping somewhat and that she may have to heat u...
10/17/2016
Mortgage backed securities (MBS) closed up 16 basis points today at 103.12 having settled 36 points above support offered by the 200 day moving average.   MBS bonds took advantage of losses in equity markets to inch forward today  The 30 year remained at 3.50% during today's trading.  Whether in ...
10/17/2016
The trading session began poorly today as the reality that the Fed might increase rates again in the short run sank into traders' heads.  At the same time Deutsche Bank investigated cost cutting maneuver and woe and mayhem cause the Charman and CEO of Wells Fargo to take an immediate retirement. ...
10/13/2016
Mortgage backed securities (MBS) closed up 19 basis points today at 103.28 having closed at the high of the session.  Historically closing at the high of the day bodes well for the next days trading. The 200 day moving average is is now acting as support 56 basis points below.  The 30 year remain...
10/13/2016
With no economic reports coming out today markets here look forward to the release of the minutes of the Fed's most recent Open Market Committee.  When they came out up it appeared that there was some interest in raising rates sometime soon but no real desperation.  It is unlikely there will be a...
10/12/2016
Mortgage backed securities (MBS) closed flat today at 103.09. The 200 day moving average is is now acting as support 38 basis points below.  The 30 year remained at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in the U.S. history tells u...
10/12/2016
With no economic reports coming out today, news that the global crude oil supply is on the rise caused S&P 500 futures to open higher this morning in anticipation of lower fuel costs.  Mean while Chicago Fed President Charles Evans, who is not currently a voting member, befuddled markets by sayin...
10/11/2016
Mortgage backed securities (MBS) closed down 22 basis points today at 103.31 having fallen through100 day moving average. The 200 day moving average is now acting as support 62 basis points below.  The 30 year remained at 3.50% during today's trading.  Whether in New England, the Mid Atlantic or ...
10/11/2016
While bond traders spent their day saluting Christoper Columbus, stock traders were working along with the rest of the world's traders.  With a lot of ex-dividend days coming in the next week, all three major U.S. Exchanges had moderate advances.  An ex-dividend day is the day when holders of sha...
10/10/2016
In observation of Columbus Day, MBS markets were closed today.  Yes it was 524 years ago today, well actually Wednesday, that Columbus and his tiny ships discovered the new land across the sea.  He initially found the Bahamas and during his three subsequent voyages he stumbled across Cuba as well...
10/10/2016
Rainmaker
1,608,169

Jeff Jensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author