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

ARCHIVED BLOG POSTS

2018 

Both stocks and bonds continued to be plagued by more volatility today.  The Dow Jones Industrials which opened higher, was down 500 p;points during the session prior to closing up 330.  Correspondingly the 4.0% coupon Mortgage Backed Securities, which we are now following due to the higher rate ...
02/09/2018
Mortgage backed securities (MBS) closed down 3 basis points today at 102.69 having come to rest 33 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 ...
02/09/2018
While Mortgage backed securities continue to falter, U.S. equity marketing are being hammered. It is a rare day when all three of the major indices here experience triple digit losses.  Today the Dow had a four digit loss losing 1,032 points, the NASDAQ lost an astonishing 274 points and the S&P ...
02/08/2018
Mortgage backed securities (MBS) closed down 15 basis points today at 102.69 having come to rest 41 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...
02/08/2018
Today was an unusual day during with all three major stock indices had small losses at the same time as MBS bonds were sliding downward once again.  The MBS bonds have fallen so far in a short period of time that we are now watching the 4.00% coupon.  In recent weeks I have spoken about the impor...
02/07/2018
Mortgage backed securities (MBS) closed down 16 basis points today at 102.81 Having come to rest 7 basis points below the 200 day moving average.  The reason for the huge change is the pricing today is that we changed from the 3.50% coupon to the 4.00% coupon.  The 30 year was available at 4.25% ...
02/07/2018
Holy volatility!  After selling off over a 1,000 points yesterday, the Dow was down over 550 during today's session prior to closing up 567 points today with the NASDAQ closing up 143 and the S&P 500 closing up 46.  The 10 yield on the 10 year Treasury note was all the way up to 2.805 as the mark...
02/06/2018
Mortgage backed securities (MBS) closed down 43 basis points today at 100.44 They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest 50 basis points below the 10 day.  The 30 year was available at 4.25% today.  The 30 year jumbo was at 4.375%.  Whether in...
02/06/2018
Today was a classic example of stocks and bonds trending in opposite directions.  As the Dow was losing 1,175 points, the 3.50% coupon MBS bonds were rocketing out of their recent severe decline.  The irony is that much of the reason for the drama was due to rising interest rate.  Stocks began th...
02/05/2018
Mortgage backed securities (MBS) closed up a whopping 69 basis points today at 100.91 They remained below resistance offered by the 10, 25 and 50 day  moving averages and come to rest just 5 basis points below the 10 day.  The 30 year was available at 4.25% today.  The 30 year jumbo was at 4.375%...
02/05/2018
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Jeff Jensen

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