Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2021 

Home price gains continue to remain at frothy levels due in part to low rates, solid demand and low inventories. The S&P Case-Shiller 20-City Home Price Index rose 19.1% from September 2020 to September 2021, up 0.8% monthly from August to September. The National Index jumped 19.5% year over year...
11/30/2021
Mortgage backed securities closed down 6 basis points today at 99.97 having closed 75 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 Mi...
11/30/2021
Our family enjoyed Thanksgiving together this year.  See below some of the things below for which we were thankful.Thanksgiving  There are so many things to be thankful for Where might I begin? Little faces to adore And finally tucking them in  Little boys and little girls To perpetuate our race ...
11/29/2021
Mortgage backed securities closed up 12 basis points today at 100.03 having closed 70 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 Mi...
11/29/2021
Mortgage backed securities closed down 44 basis points today at 99.38 having closed 142 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 ...
11/22/2021
Mortgage backed securities closed down 16 basis points today at 99.53 having closed 142 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 ...
11/15/2021
Mortgage backed securities closed down 81 basis points today at 99.69 having closed 131 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 ...
11/10/2021
The NFIB Small Business Optimism Index decreased slightly in October as owners continue to deal with the lack of workers for unfilled positions and inventory shortages. The index fell to 98.2 down 0.9 points. Within the report, it showed that the NFIB Uncertainty Index decreased while business co...
11/09/2021
Mortgage backed securities closed up 22 basis points today at 100.50 having closed 45 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 Mi...
11/09/2021
Home borrowing costs fell this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage declined five basis points to 3.09% 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, "T...
11/04/2021
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