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

ARCHIVED BLOG POSTS

2017 

With both the Standard & Poors 500 and the NASDAQ having closed at record highs yesterday stock future traders dared to open even higher this morning.  Both housing starts and building permits were down over 2% in April versus March's numbers.  A strong earnings report for Home Depot p;pushed the...
05/16/2017
Mortgage backed securities (MBS) closed up 9 basis points (bps) today at 102.69 having risen to within 69 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.25% today.  Whether in New Englan...
05/16/2017
As May reaches the half way mark, we have a week with little economic reporting.  Oil futures rose in reaction to the international cyber attack that some pundits are now attributing to North Korea.  I find the fact that the source of attacks software originated at our own NSA to be frightening. ...
05/15/2017
Mortgage backed securities (MBS) closed down 9 basis points (bps) today at 102.53 having risen to within 86 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.125% as well.  Whether in New E...
05/15/2017
While MBS bonds soared today, stocks floundered and closed nearly flat in a mixed market.  Continued troubles in the retail market persisted today as JC Penney posted lower volume at stores across the nation.  Oil continued to remain under $48 per barrel while the core Consumer Price Index was up...
05/12/2017
Mortgage backed securities (MBS) closed up 41 basis points (bps) today at 102.59 having risen to within 81 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.125% as well.  Whether in New En...
05/12/2017
I have been seeing a lot of articles about "the death of retail" on line and in various publications lately.  Sears has been in the news with rampant speculation as to how close it is getting to its demise.  Today extremely poor earnings from one of retail's icon, Macy's, drew further attention t...
05/11/2017
Mortgage backed securities (MBS) closed up 3 basis points (bps) today at 102.19 having risen to within 123 basis points of resistance offered by the 200 day moving average.  The 30 year conforming was still clinging to 4.125% today while the 30 year jumbo was at 4.125% as well.  Whether in New En...
05/11/2017
The Bond Coupon Rollover is a monthly occurrence during which the current month's coupon is closed out and any new loans are placed with next month's coupon.  As an example today's price is significantly lower that yesterday's price even though the bond only dropped 9 basis points.  Although the ...
05/10/2017
Mortgage backed securities (MBS) closed down 9 basis points (bps) today at 102.12 having fallen to 131 basis points below resistance offered by the 200 day moving average after the monthly rollover.  The 30 year conforming was clinging to 4.125% today while the 30 year jumbo was at 4.25%.  Whethe...
05/10/2017
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