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

ARCHIVED BLOG POSTS

2017 

In the wake of yesterday's Fed funds rate hike and the huge gains for MBS, the bonds retained 31 basis points of the advance as the market closed today.  Stock futures began the day on a positive note as traders assessed the possible stock deal involving Disney and Twenty First Century Fox. Later...
12/14/2017
Mortgage backed securities (MBS) closed down 3 basis points today at 102.78 having fallen through support  offered by the 200 day moving averages and come to rest just 3  basis points below it. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, th...
12/14/2017
Well the long wait is over.  The Fed Open Market Committee concluded its meeting today and their decision to raise their fed funds rate, the rate that they charge member banks to borrow money over night, was raised by .25%.  The part of their statement that helped MBS bonds was the acknowledgment...
12/13/2017
Mortgage backed securities (MBS) closed up 34 basis points today at 102.81 having broken through resistance offered by the 10, 25, 50 and 200 day moving averages and come to rest just  20 basis points below the 100 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo w...
12/13/2017
If the change in the MBS bond pricing looks wrong to you today, you are a good observer.  The reason is last night was the monthly rollover for the expiring month and today's price reflected the new month's pricing.  Remember this is fed week and the Fed's Open Market Committee began its meeting ...
12/12/2017
Mortgage backed securities (MBS) closed down 6 basis points today at 102.50 having remained below resistance offered by all 5 moving averages. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in t...
12/12/2017
The peace and silence of our first snow of the season caused me to share my White Celebration poem.  I hope you enjoy it.A White Celebration From the silent sky it began to fallCascading wistfully down to us allJogging our memories with simple beautyTo remind us to carry out our duty It collected...
12/11/2017
Mortgage backed securities (MBS) closed down 16 basis points today at 102.66 having once again fallen below support offered by all 5 moving averages. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere el...
12/11/2017
A stronger than expected jobs report propelled both the Dow and the S&P 500 to new record highs today.  The government reported the creation of 228,000 new non-farm jobs in November exceeding the expected 190,000.  The unemployment rate remained at a nominal 4.1%.  The House and the Senate approv...
12/08/2017
Mortgage backed securities (MBS) closed down 9 basis points today at 102.78 having remained above support offered by the 10 and 21 day moving averages and fallen below support offered by the50 and 200 day moving averages. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%....
12/08/2017
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Jeff Jensen

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