Jeff Jensen's Blog

By
Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Mortgage rates continue to edge higher in the latest survey though still remain at 12-month lows in this low inflationary environment. Freddie Mac reports that the 30-year fixed-rate mortgage rose three basis points to 4.20% with an average 0.50 in points and fees.Sam Khater, Freddie Mac’s chief ...
04/25/2019
Mortgage backed securities (MBS) closed flat today at 102.56 having closed 107 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlanti...
04/25/2019
Mortgage rates continued to inch upward in the latest week and are now 10 basis points higher in the last three weeks and at the highest levels in a month. A strengthening economy coupled with a jump in retail sales have fueled the push higher in rates. The Mortgage Bankers Association (MBA) repo...
04/24/2019
Mortgage backed securities (MBS) closed up 16 basis points today at 102.56 having closed 107 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
04/24/2019
After recent disappointing numbers from March housing starts and existing home sales, sales of new single-family homes surged in March due in part to lower mortgage rates and home prices. The Commerce Department reports that new home sales rose 4.5% in March from February to an annual rate of 692...
04/24/2019
Mortgage backed securities (MBS) closed up 7 basis points today at 102.41 having closed 110 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, th...
04/24/2019
Housing data in March disappointed as the spring home buying season kicks off. The weak data comes despite low rates along with rising wages. Housing Starts fell 0.3% in March from February to an annual rate of 1.139 million units versus the 1.247 million expected. The year-over-year numbers were...
04/22/2019
Mortgage backed securities (MBS) closed down 12 basis points today at 102.34 having closed 86 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, ...
04/22/2019
Consumer spending remained solid last month due in part to a strong labor market. March retail sales jumped 1.6% from February versus the 0.9% expected and was the largest gain in 18 months led by gains in auto sales and gasoline receipts. Retail Sales x-autos also surged by 1.2%, well above the ...
04/19/2019
Mortgage backed securities (MBS) closed flat today at 102.44 having closed 96 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic...
04/19/2019
Rainmaker
1,307,269

Jeff Jensen

Ask me a question
*
*
*
*
Spam prevention