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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
While Home Depot bucked the trend of sagging profits for retailers, its arch rival Lowes missed targets both on revenues and earnings per share.  Fed fund futures currently show a 75% chance of a Fed rate hike in June.  Philadelphia Fed President Harker said today that the first quarter's low GDP...
05/24/2017
Mortgage backed securities (MBS) closed up 22 basis points (bps) today at 103.06 having risen to within  24 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New Engl...
05/24/2017
Stocks here rose moderately as MBS bonds and Treasuries tumbled further from yesterday's minor losses. Amazingly with all the planned expenditures on big ticket items, President Trump's budget plan targets cutting $3.6 trillion from the deficit over the next 10 years.  One Fed speaker was concern...
05/23/2017
Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 102.84 having fallen to 46 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, ...
05/23/2017
With no economic reports due to come out today, Saudi Arabia was the leading story.  President Trump, on his first trip abroad as President, reveled with the King and his court eating like kings and brandishing swords.  The president was in a jovial mood having secured promises to buy billions an...
05/22/2017
Mortgage backed securities (MBS) closed down 3 basis points (bps) today at 102.97 having fallen to 36 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, t...
05/22/2017
With no economic reports coming out today stocks rallied mildly as what people are calling the Trump slump faded.  Fed funds futures are still calling for a 74% chance of a Fed rate hike in June.  Apparently the Fed does not care about the deleterious effect that would likely have on hte stock ma...
05/19/2017
Mortgage backed securities (MBS) closed down 3 basis points (bps) today at 103.00 having fallen to 34 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, t...
05/19/2017
United States equities closed higher today after yesterday maniacal moves in the market.  At the same time, the safety trade to fixed income securities such as bonds and Treasuries subsided a bit.  Essentially more level heads prevailed today.  Even gold lost some of the improvements it had achie...
05/18/2017
Mortgage backed securities (MBS) closed down 12 basis points (bps) today at 103.06 having fallen to 30 basis points below resistance offered by the 200 day moving average.  The 30 year conforming remained 4.00% today while the 30 year jumbo was available at 4.125% today.  Whether in New England, ...
05/18/2017
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