Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
This week is Fed week with the two open market committee beginning Tuesday morning and culminating at 2PM Wednesday with the Fed statement followed by Fed Chief Powell's news conference.  It will be interesting to see what changes are made in Fed [policy after last month about face and return mor...
02/18/2019
Bond markets were closed today in observance of President's Day.  The day which is officially called Washington's birthday came into being in 1971 and now celebrates both Washington's and Lincoln's birthdays.  Do you remember who was President in 1971?  Well it was Richard Nixon, better know as "...
02/18/2019
Consumer sentiment pushed higher in early February due in part to end of the partial government shutdown and after the Federal Reserve signal that it will pause in raising interest rates. The Consumer Sentiment Index rose to 95.5 this month, up from 91.2 in January and above the 94 expected. With...
02/15/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having closed 58 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%.  Whether in New England,...
02/15/2019
Consumers held back on spending their hard-earned dollars in December as sales declined across all sectors in the retail space. Retail Sales fell 1.2% in December versus the +0.1% expected. It was the biggest decline in nine years. Lower prices at the gas pumps were a factor along with a plunge i...
02/15/2019
Mortgage backed securities (MBS) closed up 12 basis points today at 102.03 having closed 69 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%.  Whether in New England, ...
02/15/2019
Mortgage rates continued to edge lower in the latest week to low levels seen a year ago. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell four basis points to 4.65% with an average 0.43 in points. Lower rates didn't push mortgage application activity higher as th...
02/13/2019
Mortgage backed securities (MBS) closed down 12 basis points today at 101.91 having closed 59 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%.  Whether in New England...
02/13/2019
The January NFIB Small Business Optimism Index (-3.2 points to 101.2) retreated a touch, though above historic averages, as owners expressed concern about future economic growth. However, hiring, hiring plans and job openings remained strong while inventory and capital spending were solid. NFIB P...
02/12/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.06 having closed 75 points above support offered by the 200 day moving average.  The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%.  Whether in New England,...
02/12/2019
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