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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Tuesday the 3.5% coupon mortgage backed security closed at its high of the year.  Frequently markets fall away after hitting resistance of that sort and that is exactly what has happened the last three days.  Why if the interest rates have been in the 4.00 to 4.125% range are we following the 3.5...
04/21/2017
Mortgage backed securities (MBS) closed down 6 basis points today at 102.84 having remained above support offered by the 100 day moving average.  MBS bonds lost ground to the 200 day moving average again today.  The 30 year conforming began the day at 4.00%.  Whether in New England, the Mid Atlan...
04/21/2017
After IBM's earnings pushed stock downward yesterday, futures traders were hopoing for a bounce-back.  With oil remaining over $50 a barrel and the 10 year Treasury yield at 2.23 stocks did react positively.  By midday, stocks appeared to be in rally mode with NASDAQ angling at a possible record ...
04/20/2017
Mortgage backed securities (MBS) closed down 9 basis points today at 102.94 having remained above support offered by the 100 day moving average.  MBS bonds lost ground to the 200 day moving average again today.  The 30 year conforming began the day at 4.00%.  Whether in New England, the Mid Atlan...
04/20/2017
As far as MBS bonds are concerned. file today under "just when you thought it was safe to go into the water."  Yesterday it looked as it we might be approaching sub four interest rates again.  Today the bonds fell off their steady climb and must attempt to regroup.  One would imagine that at the ...
04/19/2017
Mortgage backed securities (MBS) closed down 22basis points today at 103.03 having remained above support offered by the 100 day moving average.  MBS bonds lost ground to the 200 day moving average today.  The 30 year conforming began the day at 4.00%.  Whether in New England, the Mid Atlantic or...
04/19/2017
As stocks took another hit today in the wake of saber rattling from North Korea, MBS bonds lengthened their advance.  U.S. Treasuries also made a nice comeback from Monday's session.  Now is a great time to shake the dust of your buyers and your listings by stressing the benefit of interest rates...
04/18/2017
Mortgage backed securities (MBS) closed up 31basis points today at 103.25 having remained above support offered by the 100 day moving average.  MBS bonds closed the day just 45 basis points below resistance offered by the 200 day moving average.  The 30 year conforming should be solidly at 4.00% ...
04/18/2017
As the Vice President was taking an extended tour of South Korea, North Korea's leader Kim Jong-un was playing with big toys.  Unfortunately for him, the big toy he wanted to shake the with was defective.  My oh my did he throw a big tantrum.  With U.S. 7th fleet bearing down on him and China pus...
04/17/2017
Mortgage backed securities (MBS) closed down 3  basis points today at 102.91 having remained above support offered by the 100 day moving average.  MBS bonds closed the day just 76 basis points below resistance offered by the 200 day moving average.  Whether in New England, the Mid Atlantic or the...
04/17/2017
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