Jeff Jensen's Blog

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



1.     Rates had fallen all the way to 3.375% on the 30 year fixed conforming loan for most borrower last week,  Friday’s big sell off, however pushes the rate back up to 3.50%.  The high balance conforming rate remained at 3.625% and the jumbo 30 year closed the week at an attractive 3.75% with ...
How quickly things change.  After yesterday's 138 point sell off in the Dow, basically based on fear of what the Fed would, today markets gained back almost all of their losses.  The morning headline was a decrease in first time unemployment claims to 324,000 which was the lowest number in 5 year...
Mortgage backed securities (MBS) closed down 9 basis points today at 104.62 having remained in the safe zone supported by one recent high closing level and below resistance offered by another.  Interest rates are nearing all time lows once again.  Nationally it was announced today that the averag...
Stocks got off to a bad start this morning as traders worried about the statement which would emit from the Fed's monthly market meeting at 2PM.  Although everyone expected the purchasing of $85 billion of MBS securities each month would continue and no one thought they would raise the discount r...
Mortgage backed securities (MBS) closed up 16 basis points today at 104.72 having bounced down to just above support and then super-elevated all the way through resistance offered by the previous high close of 104.75 prior to closing just three points below it.  As stocks fell throughout the day,...


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