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