Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2019 

Economic growth in the third quarter of this year increased more than expected due in part to continued strength in consumer spending. The Bureau of Economic Analysis reports that Gross Domestic Product (GDP) rose 1.9%, above the 1.5% expected and near the 2% reported in the second quarter. The c...
10/30/2019
Mortgage backed securities (MBS) closed up 16 basis points today at 102.50 having closed 92 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, ...
10/30/2019
The Conference Board reported on Tuesday that its consumer confidence index slipped to 125.9 this month from the September reading of 126.3 and below the 127.5 expected. Concerns over business conditions and job prospects weighed on the index. The Present Situation Index – based on consumers’ ass...
10/29/2019
Mortgage backed securities (MBS) closed up 3 basis points today at 102.34 having closed 79 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
10/29/2019
The closely-watched S&P 500 opened at a record high (3,032) this morning on the heels of more good news. Positive trade headlines between the US-China and anticipation of a an interest rate cut along with a strong kick off to earnings season are a few reasons for the surge in stocks. Of the 199 S...
10/28/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.28 having closed 74 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
10/28/2019
Sales of new single-family homes fell by 0.7% in September from August to an annual rate of 701,000 units, which was just below the 703,000 expected. Compared to September 2018, new home sales surged 15.5% from 607,000 units. The median sales price of new houses sold in September 2019 was $299,40...
10/24/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.38 having closed 87 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...
10/24/2019
Sales of previously owned homes unexpectedly fell in September from August, due in part to low inventories of homes for sale on the market. The National Association of REALTORS® reports that existing home sales fell by 2.2% in September to an annual rate of 5.38 million units versus the 5.52 mill...
10/22/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.28 having closed 79 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, ...
10/22/2019
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