Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2017 

There are many famous Irish phrases and blessing.  I thought as you eat your corned beef and cabbage you might enjoy this one.  Have a wonderful St. Patrick's Day everyone!! May love and laughter light your days, and warm your heart and home. May good and faithful friends be yours, wherever you m...
03/17/2017
Mortgage backed securities closed up 19 basis points today at 101.66  having gained back all of yesterday's loss. Sometimes, despite all the technical data and analysis skills, it is difficult to predict which way a market will  go on a given day.  The 30 year conforming rate remained at 4.375% a...
03/17/2017
Following yesterday's somewhat spectacular response to the wording in Janet Yellen' news conference, today was a bit more mundane with stocks and bonds alike dropping slightly.  While MBS bonds managed to remain above support which they established Wednesday only the NASDAQ managed a slight gain ...
03/16/2017
Mortgage backed securities closed down 19 basis points today at 101.47  having remained above resistance offered by 10 day moving average. As it turns out closing at its high yesterday did not carry over to today's trading in a positive way.The 30 year conforming rate remained at 4.375% again tod...
03/16/2017
The waiting game is finally over and Janet Yellen and her cohorts at the Federal Reserve have spoken.  MBS bonds steered sharply into rally mode despite the fact that two more rate hikes for this year were confirmed.  Essentially there were no surprises in Yellen's comments after the meeting.  St...
03/15/2017
Mortgage backed securities closed up 78 basis points today at 101.66 having smashed through resistance offered by 10 day moving average. The better news is that it closed at its high of the day.  That bodes well for tomorrow's trading.  The 30 year conforming rate remained at 4.375% again today. ...
03/15/2017
The 800 pound gorilla in the room continues to be the Fed 2 PM new conference following the conclusion of the Open Market committee meeting tomorrow.  As we have come to expect, Janet Yellen will dazzle us into dozing with her seemingly ceaseless use of arcane terms and oblique references as she ...
03/14/2017
Mortgage backed securities closed up 12 basis points today at 100.88 having recovered slightly since yesterday. The 30 year conforming rate remained at 4.375% again today.  We will continue to watch rates carefully as Wednesday's Fed Open Market Committee approaches. Whether in New England, the M...
03/14/2017
Stock traders were reluctant to take any aggressive positions with The Fed's Open Market Committee looming.  Everyone expects a rate hike and wonders whether that will propel the dollar higher as foreign investors will be able to earn a premium for holding U.S. Treasuries vs bonds from other nati...
03/13/2017
Mortgage backed securities closed down 34 basis points today at 100.75 having fallen to its lowest level in over two years. The 30 year conforming rate remained at 4.375% again today.  We will continue to watch rates carefully as Wednesday's Fed Open Market Committee approaches. Whether in New En...
03/13/2017
Rainmaker
1,608,169

Jeff Jensen

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