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

ARCHIVED BLOG POSTS

2017 

Stocks here rose moderately as MBS bonds and Treasuries tumbled further from yesterday's minor losses. Amazingly with all the planned expenditures on big ticket items, President Trump's budget plan targets cutting $3.6 trillion from the deficit over the next 10 years.  One Fed speaker was concern...
05/23/2017
Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 102.84 having fallen to 46 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, ...
05/23/2017
With no economic reports due to come out today, Saudi Arabia was the leading story.  President Trump, on his first trip abroad as President, reveled with the King and his court eating like kings and brandishing swords.  The president was in a jovial mood having secured promises to buy billions an...
05/22/2017
Mortgage backed securities (MBS) closed down 3 basis points (bps) today at 102.97 having fallen to 36 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, t...
05/22/2017
With no economic reports coming out today stocks rallied mildly as what people are calling the Trump slump faded.  Fed funds futures are still calling for a 74% chance of a Fed rate hike in June.  Apparently the Fed does not care about the deleterious effect that would likely have on hte stock ma...
05/19/2017
Mortgage backed securities (MBS) closed down 3 basis points (bps) today at 103.00 having fallen to 34 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, t...
05/19/2017
United States equities closed higher today after yesterday maniacal moves in the market.  At the same time, the safety trade to fixed income securities such as bonds and Treasuries subsided a bit.  Essentially more level heads prevailed today.  Even gold lost some of the improvements it had achie...
05/18/2017
Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 103.06 having fallen to 30 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, ...
05/18/2017
The whirling dervish that is the White House and it's occupant's unusual activities took their toll in equity markets here today.  U.S. Treasuries and Mortgage backed securities were the beneficiaries of a large sell off in stocks today.  The effect of all the Trump controversies swirling about a...
05/17/2017
Mortgage backed securities (MBS) closed up 50 basis points (bps) today at 103.69 having risen to within 18 basis points of resistance offered by the 200 day moving average.  The 30 year conforming fell to 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, ...
05/17/2017
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Jeff Jensen

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