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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Although there are many rumors about Franklin and Eleanor Roosevelt having been first and second cousins, in truth they were actually fifth cousins once removed.  Franklin was an only child and Eleanor was the daughter of one of Theodore Roosevelt's brothers.  Franklin admired his older cousin an...
09/22/2017
we are entering into a time of many changes now that fall has officially arrived.  The days will be getting shorter each day until the official arrival of the winter solstice.  The leaves on many trees will turn to dazzling colors before falling gently to the ground.  The temperature will gradual...
09/22/2017
Mortgage backed securities (MBS) were up 12 basis today today at 103.22 having come to rest directly at resistance offered by the 50 day moving average. The new resistance is 18 points above at the 25 day moving average.  The 30 year conforming was available at 3.875% today.  The 30 year jumbo wa...
09/22/2017
When Kosciuszko had completed his plans for the new fort at West Point, they had an unusual design.  Instead of installing all his defensive structures at the flat top of the palisades, he planned for separate smaller defensive outcroppings at half mile intervals uphill as the mountains climbed. ...
09/22/2017
Did you know that plans to build a new strategically placed fort at West Point were created by Thaddeus Bonaventure Kosciuszko.  He was a military engineer who was invited to go to the new sight with George Washington and Thomas Jefferson.  The spot was chosen for its bends in the Hudson River.  ...
09/22/2017
Mortgage backed securities (MBS) were flat today today at 103.09 having come to rest 11 points below resistance offered by the 50 day moving average. Yesterday was the first day in a long time that the bond closed below the 50 day moving average.  The 30 year conforming was available at 3.875% to...
09/21/2017
With the two day Fed meeting beginning tomorrow, one would think that equity traders would be on the cautious side.  with Korea saber rattling and uncertainty about how the Fed would try to initiate divesting itself of its $4.5 trillion worth of assets acquired over the last nine year, traders bo...
09/18/2017
Mortgage backed securities (MBS) were down 9 basis points today at 103.22 having come to rest 19 points below resistance offered by the 25 day moving average. The 30 year conforming was available at 3.875% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Mi...
09/18/2017
Stocks are back at it again scoring multiple new record high closing levels.  Rate minions were hoping that the continued raves from NOrth Korea's brash dictator would cause MBS bonds to recover from their recent sell-off.  His dangerous missile launches over the Japanese main land are causing st...
09/15/2017
Mortgage backed securities (MBS) were down 9 basis points today at 103.25 having come to rest 17 points below resistance offered by the 25 day moving average. The 30 year conforming was available at 3.875% today.  The 30 year jumbo was at 4.00%.  Whether in New England, the Mid Atlantic or the Mi...
09/15/2017
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