Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
The housing sector continues to be a beacon of light for the U.S. housing market which is being fueled by ultra-low rates as well as a shift from the cities to the suburbs. The U.S. Census Bureau and the Department of Housing and Urban Development reports that single-family starts jumped 8.5% mon...
10/20/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 104.34 having closed 103 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New...
10/20/2020
Fannie Mae released its Economic and Housing Outlook for October revealing that housing demand continues to outstrip supply, compounding affordability issues. Fannie Mae went on to say that it expects supply constraints and diminishing, pent-up demand will lead to a pullback in sales activity in ...
10/19/2020
Mortgage backed securities (MBS) market closed down 12 basis points today at 104.41 having closed 113 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in Ne...
10/19/2020
Home borrowing costs hit fresh record lows in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.81% this week from 2.87% last week with 0.6 in points and fees. A year ago at this time, the rate averaged 3.69%. Sam Khater,...
10/16/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 104.53 having closed 128 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New E...
10/16/2020
The MBA reports that mortgage rates remained at record lows in the latest week which continues to support the housing market. The 30-year fixed-rate mortgage held at a record low 3.0% with 0.32 in points for the week ending October 9, 2020. The Market Composite Index, a measure of total mortgage ...
10/14/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.50 having closed 130 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New En...
10/14/2020
Home borrowing costs remained at low levels in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage was essentially unchanged this week at 2.87% with 0.8 in points and fees. A year ago at this time, the rate averaged 3.57%. “The year-...
10/08/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 104.75 having closed 164 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New ...
10/08/2020
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