Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2013 

         Home Sales continue to be strong with quick responses to bids.  There are still some refinance opportunities out there for those will to test the waters.  This is an important and challenging time for mortgage originators like myself.  It is important to be completely aware of the market...
06/14/2013
         The volatility created in equity markets due to rampant speculation about when the Fed will end QE3 is still out of control.  Thursday the Wall Street Journal printed an article stating that the topic would not be discussed at next week’s Open Market Meeting.  That of course made traders...
06/14/2013
         MBS Market – last week the market was insane with as many swings as there were in the Mets and Yankees recent 20 and 18 inning baseball games.  The longer the wick the greater the spread between the high of the day and the low of the day.  Despite a 144 basis point range during the week,...
06/14/2013
         Rates – Rates had a wild week last week rising to new highs before falling back a little and then closing on an uptick.  The 30 year fixed conforming rate which was a 4.0% briefly on Friday, closed the week at 4.125%.  Utilizing my mortgage market notification system I did manage to lock...
06/14/2013
Investing in the stock market is truly not for the faint of heart.  With two hundred dollar gains and losses in successive days investors can lose their perspective and probably some sleep as well.  So many of the swings are bases not on fact but on senseless fears and speculation.  I remember on...
06/13/2013
Mortgage backed securities closed up a whopping 66 basis points today at 100.41 after having risen up to cross resistance offered by the 100.44 level prior to closing just below it.  News this afternoon that the topic of winding down QE3 will not even be discussed at the Fed's next Open Market me...
06/13/2013
Mortgage backed securities (MBS) closed down 25 basis points today at 99.75 having once again fallen below support offered by the all important par level a t 100.00.  Having closed at par the previous two days, this was a disappointing result.  The 3.0% coupon bond has traded almost straight down...
06/12/2013
Mortgage backed securities (MBS) were up 28 basis points today having closed at 100.28.  MBS bonds fell all the way through support at 99.62 to 99.43 before making before making an 85 basis point comeback to close above the all important par level at 100.00.  Truly a rollercoaster ride took place...
06/11/2013
         The spring market appears to be continuing its inertia.  Buyers are coming into the market and for the most part acting quickly.  Mortgages are readily available and I am finding buyers who respond immediately to requests for documents and conditions.  There are still some refinances goi...
06/07/2013
         Friday’s May jobs report was good enough to cheer equity investors but not good enough to nudge the Fed into beginning to curtail is policy of accommodation.  The much talked about policy of buying $85 billion worth of MBS bonds and U.S. Treasuries each month will likely remain in place ...
06/07/2013
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