Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
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 0.33 in points for the week ending September 3, 2021. Within the report it showed that the Market...
09/08/2021
Mortgage backed securities closed up 12 basis points today at 101.28 having closed 35 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...
09/08/2021
The housing sector continues to see higher home prices due in part to heavy demand and low inventories. Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) was essentially unchanged in August at 75.7. Three of the components were lower while three were higher. Consumers were slightly...
09/07/2021
Mortgage backed securities closed down 19 basis points today at 101.16 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...
09/07/2021
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 10.1 million jobs available across the nation so it should rather easy to land a job. The Bureau of Labor Statistics reports that Weekly Initia...
09/03/2021
Mortgage backed securities closed down 9 basis points today at 101.34 having closed 31 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 ...
09/03/2021
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 0.29 in points for the week ending August 27, 2021. Within the report it showed that the Market C...
09/01/2021
Mortgage backed securities closed flat today at 101.31 having closed 36 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 Midwest or anyw...
09/01/2021
Concerns surrounding the Delta variant in early August dented consumer confidence while a slight rise in food prices also contributed towards the decline. The Conference Board reports that the Consumer Confidence Index fell to 113.8 in August from 125.1 in July. Spokesperson Lynn Franco said, "Wh...
08/31/2021
Mortgage backed securities closed down 22 basis points today at 101.31 having closed 37 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...
08/31/2021
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