Jeff Jensen's Blog

By
Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
The housing market received solid numbers in August. Housing Starts rose 4% in August from July to an annual rate of 1,615,000 units versus 1,560,000 expected. Housing Starts were up 17.4% year over year. However, single-family starts were down 2.8% monthly. Building Permits, a sign of future con...
09/21/2021
Mortgage backed securities closed down 6 basis points today at 101.00 having closed 52 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 2.875%. Whether in New England, the Mid Atlantic or the ...
09/21/2021
Home builder confidence steadied in September but material and labor challenges persist. The NAHB Housing Market Index rose to 76 this month from 74 in August after a three-month decline. Within the report it showed that current sales conditions increased one point to 82, measuring traffic of pro...
09/20/2021
Mortgage backed securities closed up 12 basis points today at 101.06 having closed 47 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 2.875%. Whether in New England, the Mid Atlantic or the M...
09/20/2021
Home borrowing costs were essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is at 2.86% 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, “It’...
09/16/2021
Mortgage backed securities closed down 28 basis points today at 101.08 having closed 48 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 2.875%. Whether in New England, the Mid Atlantic or the...
09/16/2021
Home borrowing costs were unchanged in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage held steady at 3.03% with 0.32 in points for the week ending September 10, 2021. Within the report it showed that the Marke...
09/15/2021
Mortgage backed securities closed down 9 basis points today at 101.28 having closed 29 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 2.875%. Whether in New England, the Mid Atlantic or the ...
09/15/2021
First-time unemployment claims fell to a post-shutdown low in the latest week as the sector continues to get back to full strength. At present, there are 11 million jobs available across the nation. The Bureau of Labor Statistics reports that Weekly Initial Jobless Claims fell 35,000 to 310,000 f...
09/09/2021
Mortgage backed securities closed up 16 basis points today at 101.44 having closed 17 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 2.875%. Whether in New England, the Mid Atlantic or the M...
09/09/2021
Rainmaker
1,545,423

JeffJensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author