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 lack of supply coupled with higher prices cooled sales of single-family homes in May though demand continues to be strong for the overall housing market. May New Home Sales fell nearly 6% from April to an annualized rate of 769,000 units, the lowest pace in a year. Sales were up 9.2% from a yea...
06/23/2021
Mortgage backed securities closed up 3 basis points today at 100.78 having closed 133 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
06/23/2021
Home builder sentiment fell in June due in part to rising material costs and supply chain constraints. The National Association of Home Builders reports that its Housing Market Index fell slightly to 81 from 83 in May for newly-built single-family homes. Any number over 50 indicates that more bui...
06/21/2021
Mortgage backed securities closed down 28 basis points today at 100.47 having closed 160 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or th...
06/21/2021
Home borrowing costs inched lower this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.93% this week from 2.99% last week with 0.7 in points and fees. A year ago at this time, the rate was 3.13%. It is up from 2.65% on January 7 of th...
06/17/2021
Mortgage backed securities closed up 41basis points today at 100.56 having closed 160 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
06/17/2021
First-time unemployment claims fell to the lowest level since the shutdowns began last year. Weekly Initial Jobless Claims decreased to 376,000 for the week ended June 4, 2021, from 385,,000 in the previous week. To put it into perspective, the week of April 4, 2020 claims were over 6 million as ...
06/16/2021
Mortgage backed securities closed down 72 basis points today at 100.16 having closed 201 points below the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New England, the Mid Atlantic or th...
06/16/2021
Home borrowing costs were essentially unchanged last week and remain at historically low levels. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage slipped to 3.15% with 0.34 in points for the week ending June 4, 2021. The Market Composite Index fell 3.1%, the Purchase ...
06/09/2021
Mortgage backed securities closed up 25 basis points today at 101.38 having closed 84 points below the 200 day moving average. The conforming rate is at 2.8750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
06/09/2021
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