Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
A rash of better-than-expected economic data hit the wires this morning which is boosting the major U.S. stock indexes. December Retail Sales were strong signaling that the consumer continues to spend and drive the U.S. economic expansion. Weekly Initial Jobless Claims declined and remain at 50-y...
01/16/2020
Mortgage backed securities (MBS) closed flat today at 102.97 having closed 79 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlant...
01/16/2020
Mortgage Rates edged lower in the latest week and remain just above historic lows. Low rates have been a tailwind for the housing sector and should continue throughout 2020. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell four basis points to 3.87%, the lo...
01/15/2020
Mortgage backed securities (MBS) closed down 3 basis points today at 102.97 having closed 80 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
01/15/2020
The December NFIB Small Business Optimism Index ended 2019 historically strong, with a reading of 102.7. The report went on to say that an increased number of small business owners reported better business conditions and expect higher nominal sales in the next three months. NFIB Chief Economist W...
01/14/2020
Mortgage backed securities (MBS) closed flat today at 103.00 having closed 83 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlant...
01/14/2020
The Mortgage Bankers Association (MBA) reports that its Mortgage Credit Availability Index (MCAI) decreased 3.5% in December to 182.2 and down 4% from June's record high of 189.8 though up 4.1% vs a year ago. A decline in the MCAI indicates that lending standards are tightening, while increases i...
01/13/2020
Mortgage backed securities (MBS) closed up 3 basis points today at 103.00 having closed 84 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
01/13/2020
Mortgage backed securities (MBS) closed up 3 basis points today at 102.97 having closed 82 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
01/10/2020
The housing market in 2020 has been upgraded in forecasts for single-family housing starts, new home sales and mortgage originations. Fannie reports that its Home Purchase Sentiment Index (HPSI) capped off a strong year in December with the index just below the survey high at 91.7. Three of the s...
01/08/2020
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