Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Strong demand for housing pushed home builder optimism higher this month despite continued supply chain disruptions. The NAHB Housing Market Index rose four points this month to 80 for the newly-built single-family home sector. Within the report, it showed that current sales conditions, sales exp...
10/18/2021
Mortgage backed securities closed down 12 basis points today at 99.62 having closed 153 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the ...
10/18/2021
Available jobs across the U.S. remained jut below record highs as the labor market continues to get back to more normal levels. The Labor Department reports that job openings fell to 10.4 million in August from the record 11.1 million seen in July. Job openings decreased in several industries wit...
10/12/2021
Mortgage backed securities closed down 6 basis points today at 99.66 having closed 162 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the M...
10/12/2021
Home borrowing costs inched lower this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points to 2.99% with 0.7 in points and fees. The record low was 2.65% on January 7 of this year. Sam Khater, Freddie Mac’s Chief Economist said,...
10/08/2021
Mortgage backed securities closed down 25 basis points today at 99.75 having closed 156 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the ...
10/08/2021
Home borrowing costs increased in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage rose four basis points to 3.14% with 0.34 in points for the week ending October 1, 2021. Within the report it showed that the Ma...
10/06/2021
Mortgage backed securities closed down 6 basis points today at 100.19 having closed 115 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the ...
10/06/2021
Mortgage backed securities closed down 12 basis points today at 100.53 having closed 84 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the ...
10/04/2021
Inflation pressures held steady in August after the recent surge in prices while consumer spending rose. The Federal Reserve's favorite inflation measure, the Core PCE, was unchanged monthly and annually up 0.3% and 3.6%, respectively. Within the numbers it showed that Personal Spending rose 0.8%...
10/01/2021
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