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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
The minutes from the last Fed Open Market Committee were released today revealing that there are some voting members who believe that they still too far from their inflation target to raise rates.  We will see what happens when they vote once again in December.  Only the NASDAQ was able to set a ...
11/22/2017
Mortgage backed securities (MBS) closed up 25 basis points today at 102.88 having broken through resistance offered by the 10 day, 25 and 200 moving averages and come to rest just 2 basis points below the 50 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4...
11/22/2017
Today turned out to be a special day in domestic equity markets as all three of them closed at record highs.  It was like an early Thanksgiving for investors.  Big gains in the tech sector were the drivers of today's action.  Tomorrow we will have reports on Consumer Sentiment and on weekly initi...
11/21/2017
Mortgage backed securities (MBS) closed up 6 basis points today at 102.6 having come to rest just 1 basis point below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the Midwe...
11/21/2017
With no economic reports being issued today stock traders took a breather from last week's losses in tech stocks and achieved moderate gains. Tomorrow we will see numbers for existing home sales and Wednesday initial jobless claims and Consumer Sentiment will be released.  With the market closed ...
11/20/2017
Mortgage backed securities (MBS) closed down 12 basis points today at 102.56 having come to rest 13 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the Midw...
11/20/2017
We still find ourselves in the agonizing window between tax reform and the lack of it.  The House has passed its version while the Senate' version continues to be somewhat shrouded.  Building permits rose 5.9% in October while housing starts gained a robust 13.7%.  The 1.29 million housing starts...
11/17/2017
Mortgage backed securities (MBS) closed up 6 basis points today at 102.69 having come to rest jusr4 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the Midw...
11/17/2017
Cisco and Walmart reported earnings today and set a positive note for the day.  Crude oil was down 19 cents and the yield on the 10 year Treasury settled at 2.37%.  Weekly initial unemployment claims came in at 249,000 which was 15,000 more than expected.  All three major indices were up today bu...
11/16/2017
Mortgage backed securities (MBS) closed down 19 basis points today at 102.59 having broken through support offered by the 200 day moving average come to rest 17 basis point below it. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlan...
11/16/2017
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