Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
The coronavirus fallout continues to impact the U.S. economy and will continue for several months. The March Jobs Report showed 701,000 jobs lost, far below expectations and just the first in what will be a string of historic job losses. Based on nearly 10 million unemployment claims the last two...
04/03/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.8 having closed 403 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
04/03/2020
The economic fallout from the coronavirus continues to hit American workers across the nation. Americans filing for first-time unemployment claims hit nearly 6.7 million last week after the 3.3 million in the previous week. These are record numbers in the history of modern-day America. The St. Lo...
04/02/2020
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.78 having closed 402 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
04/02/2020
Home prices edged higher though the data was backward-looking in the January S&P Case-Shiller 20-City Home Price Index. Home prices rose 3.1% from January 2019 to January 2020, up from 2.8% the previous month as prices continued to increase at a modest rate across the U.S. The National Index saw ...
03/31/2020
Mortgage backed securities (MBS) market closed down 37 basis points today at 103.47 having closed 376 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/31/2020
The housing market received some positive news today for the month of February but the numbers were prior to the coronavirus shutdown. The National Association of REALTORS reports that Pending Home sales rose 2.4% in February from January and above the -1.6% expected. Annually, the index was up 9...
03/30/2020
Mortgage backed securities (MBS) market closed down 59 basis points today at 103.84 having closed 415 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/30/2020
The broad shutdown of businesses, due to the virus, across the country is slowing growth and like Fed Chair Powell said yesterday, the U.S. could be in a recession now. However, Mr. Powell went on to say that there could be a 'good rebound on the other side of this' and 'there is nothing fundamen...
03/27/2020
Mortgage backed securities (MBS) market closed up 75 basis points today at 104.44 having closed 479 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
03/27/2020
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