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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
After a record 110 days without a one day lost of 1% the Dow and the NASDAQ closed down more than 1% yesterday.  This morning S & P 500 futures were pointed lower once again.  Meanwhile MBS bonds experienced their fifth advance in the last five sessions.  It will be interesting to see how stocks ...
03/22/2017
Mortgage backed securities (MBS) closed up 6 basis points today at 102.16  having remained above resistance offered by the 50 day moving average at 102.05 and closed to within 33 basis points of the 100 day moving average. The 30 year conforming rate remained at 4.25% today.  Whether in New Engla...
03/22/2017
As we have seen many times before, uncertainty sometimes has a larger affect on markets as actual news.  That was the case today as a lack progress regarding tax cuts and health care reform caused equity markets to stumble with triple digit losses for the Dow and the NASDAQ.  Oil fell nearly anot...
03/21/2017
Mortgage backed securities (MBS) closed up 25 basis points today at 102.09  having broken through and closed above resistance offered by the 50 day moving average at 102.05. The 30 year conforming rate remained at 4.25% today.  Whether in New England, the Mid Atlantic or the Midwest or anywhere e...
03/21/2017
S & P stock futures opened slightly lower after last week's wild ride following the Fed Open Market Committee meeting and Janet Yellen's information packed news conference.  Stock were little moved in a fairly calm day of mixed trading.  Gold traded higher as oil prices fell off once again in fur...
03/20/2017
Mortgage backed securities (MBS) closed up 22 basis points today at 101.88  having broken through resistance offered by the 25 day moving average at 101.82. MBS bond closed 113 basis points above their recent lows. The 30 year conforming rate fell to 4.25% again today.  Whether in New England, th...
03/20/2017
There are many famous Irish phrases and blessing.  I thought as you eat your corned beef and cabbage you might enjoy this one.  Have a wonderful St. Patrick's Day everyone!! May love and laughter light your days, and warm your heart and home. May good and faithful friends be yours, wherever you m...
03/17/2017
Mortgage backed securities closed up 19 basis points today at 101.66  having gained back all of yesterday's loss. Sometimes, despite all the technical data and analysis skills, it is difficult to predict which way a market will  go on a given day.  The 30 year conforming rate remained at 4.375% a...
03/17/2017
Following yesterday's somewhat spectacular response to the wording in Janet Yellen' news conference, today was a bit more mundane with stocks and bonds alike dropping slightly.  While MBS bonds managed to remain above support which they established Wednesday only the NASDAQ managed a slight gain ...
03/16/2017
Mortgage backed securities closed down 19 basis points today at 101.47  having remained above resistance offered by 10 day moving average. As it turns out closing at its high yesterday did not carry over to today's trading in a positive way.The 30 year conforming rate remained at 4.375% again tod...
03/16/2017
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