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

ARCHIVED BLOG POSTS

2018 

Today was one of those rare days when stocks and bonds trade in the same direction.  Unfortunately for both the direction was down.  The biggest loser was the MBS market which saw its 4.0% coupon bond try to hang on the lowest leg of the down elevator before down another leg late in the session. ...
02/21/2018
Mortgage backed securities (MBS) closed down 38 basis points today at 102.03 having come to rest 44 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere...
02/21/2018
With no economic reports coming out today, stock traders continued to feel the pressure of higher interest rates here and abroad.  Additional pressure  was added as the European Central Bank added a new deputy who appears to be on the hawkish side (meaning pro-rate hike).  I am going to carefully...
02/20/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 102.41 having come to rest 10 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere ...
02/20/2018
While stocks were just puttering along today,  MBS bonds actually had a pretty good day today.  After falling steadily since mid January, the bonds took a break from their slide and closed up 25 basis points.  Meanwhile the yield on the 10 year Treasury fell away from the 2.90% level.  That level...
02/16/2018
Mortgage backed securities (MBS) closed up 25 basis points today at 102.47 having come to rest 13 basis points below the 10 day moving average.  The 30 year was available at 4.375% today.  The 30 year jumbo was also at 4.375%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere e...
02/16/2018
Lexagene is a company which has a fully functioning prototype for a new pathogen detector.  The highly sophisticated instrument will be capable of testing multiple samples concurrently and automatically provide results in just one hour.  The device does not require a skilled technician to perform...
02/16/2018
Mortgage backed securities (MBS) closed 6 basis points today at 102.19 having come to rest 43 basis points below the 10 day moving average.  The 30 year was available at 4.50% today.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere else in...
02/15/2018
What does a 14th century poet have to do with Valentine's Day might wonder.  The answer is that the renowned British poet Geoffrey Chaucer and author of the Canterbury Tales began a poem in 1382 which he completed on February 14th 1383.  The poem called the Parliament of Fowls , explored cosmic o...
02/14/2018
Mortgage backed securities (MBS) closed down 44 basis points today at 102.12 having come to rest 63 basis points below the 10 day moving average.  The 30 year was available at 4.50% today.  The 30 year jumbo was also at 4.50%.  Whether in New England, the Mid Atlantic or the Midwest or anywhere e...
02/14/2018
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Jeff Jensen

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