Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2015 

After a five day sell-off, stocks were on the plus side today.  There is speculation as to whether the cause was just profit taking or an over=reaction to the recent slide of oil price.  Good news about Chinese manufacturing gave stocks the booster they needed this morning.  Then the Fed released...
01/07/2015
Mortgage backed securities (MBS) closed down 25 basis points today at 105.00 having fallen further below resistance offered at the 105.31 level.  We may still have a good refinance opportunity through tomorrow if we don't have really good news to bring MBS bonds down further.  Conforming and high...
01/07/2015
The recent dip in oil prices has caused stocks to sell off and as a result MBS bonds have rallied.  This has created a short term refi opportunity for any 30 year conforming and high balance conforming loans currently in the mid fours and above.  Any of you or those you know in Connecticut with r...
01/06/2015
Mortgage backed securities (MBS) closed up 34 basis points today at 105.25 having briefly crashed through stalwart resistance offered at the 105.31 level.  That level represented the high of May 20, 2103 which is less than 20 days after rates began spiking due to the announcement that QEIII would...
01/06/2015
Stocks began tumbling early in the session and continued to slide during the day as if the floor was greased with Teflon.  With Greece poised to leave the European Union, its currency the Euro, fell to lows not seen in almost 9 years.  Although this is a godsend for travellers it is not at all go...
01/05/2015
Mortgage backed securities (MBS) closed up 35 basis points today at 104.91 having remained above support offered at the 104.50 level.  This solid performance takes MBS bonds to levels not seen since May 2013.  You may recall that it was around May 1, 2013 that the Fed's QE announcement led to rat...
01/05/2015
Stocks began the day in higher territory in reaction to comments by European Central Bank head Mario Draghi.  Draghi once again hinted that with inflation extremely low he would likely initiate a round of quantitative easing in an attempt to stimulate the economy there.  Shortly thereafter, disap...
01/02/2015
Mortgage backed securities (MBS) closed up 25 basis points today at 104.53 having broken through two levels of resistance offered at the 104.34 and 104.50 levels.  Having closed above them both bodes well for MBS bonds in the coming sessions. I am leaning toward locking for now for loans closing ...
01/02/2015
A Year of Promise     Wonder and amazement abound Through the air rushes the sound Church bells ring for all to hear As heralds of the coming new year   What will it bring this new year to come? Will it bring joy for everyone? Will conflict around the earth cease? Will we finally live in peace?  ...
01/02/2015
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