Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Fannie Mae released its October 2019 Economic and Housing outlook recently showing that residential fixed investment and continued strong consumer spending are expected to help counteract weakness in business fixed investment. Fannie Mae sees full-year Gross Domestic Product at a solid rate of 2....
10/21/2019
Mortgage backed securities (MBS) closed down 13 basis points today at 102.25 having closed 78 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Englan...
10/21/2019
A recent report from Zillow reads that housing inventories continue to decline as supply can't keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as for-sale inventory tumbled in September. The numbers show that there were 112,112 fewer h...
10/18/2019
Mortgage backed securities (MBS) closed flat today at 102.38 having closed 91 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlan...
10/18/2019
 Home builder sentiment increased in October to its highest level in 20 months due in part to low mortgage rates, solid job growth and a decline in new home inventory. The National Association of Home Builders Housing Market Index (HMI) jumped to 71 this month, up from 68 in September to the best...
10/16/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.44 having closed 100 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
10/16/2019
The US manufacturing sector received some positive news today after several months of negative headlines due in part to the US-China trade issues. The Empire State Manufacturing Index rose 4.0 in October, above the negative 1.0 expected and up from a gain of 2.0 in September. Within the numbers i...
10/15/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.38 having closed 95 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England...
10/15/2019
Given the low mortgage rate environment home buyer appetite has increased leading to a shortage of homes for sale on the market. Realtor.com reports that during September, the national inventory of homes for sale declined 2.5% from the previous year, and at a much quicker pace of decline compared...
10/11/2019
4Mortgage backed securities (MBS) closed down 3 basis points today at 102.47 having closed 102 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Engla...
10/11/2019
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