Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
 Consumer spending fell in December as a rise in virus cases kept shoppers away from stores. Retail Sales fell 0.7% versus the 0.2% loss expected in December after losses seen in October and November. This comes after it was reported that 500,000 workers lost their jobs in restaurants and bars, h...
01/15/2021
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.00 having closed 26 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
01/15/2021
 Home borrowing costs spiked higher in the latest week but remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose 14 basis points to 2.79% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.65%. Sam Khater, Freddie Mac’s C...
01/14/2021
Mortgage backed securities (MBS) market closed down 16 basis points today at 102.78 having closed 5 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atl...
01/14/2021
 Home borrowing costs hit fresh record lows this week and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.65% this week with 0.7 in points and fees, the lowest since record-keeping began in 1971. A year ago at this time, the rate averaged 3....
01/11/2021
Mortgage backed securities (MBS) market closed down 34 basis points today at 102.72 having closed 1 point above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
01/11/2021
 Mortgage rates remained at record lows in the latest survey though they have inched higher in the first couple of business days in January. The MBA reports that the 30-year fixed-rate mortgage fell four basis to 2.86% with 0.32 in points. The Market Composite Index, a measure of total mortgage l...
01/06/2021
 Mortgage backed securities (MBS) market closed down 25 basis points today at 103.44 having closed 82 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid A...
01/06/2021
Mortgage backed securities (MBS) market closed down 25 basis points today at 103.69 having closed 110points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid At...
01/05/2021
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I wish you all a happy, healthy and prosperous New Year!  I have included my New Year's poem below.  I hope you enjoy it and feel free to share it as you wish!A Year of Promise  Wonder and amazement aboundThrough the air rushes the soundChurch bells ring for all to hearAs heralds of the coming ne...
12/31/2020
Rainmaker
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Jeff Jensen

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