Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2016 

I wish you and your family a happy, healthy and prosperous New Year!!  I have included my new year's poem.  I hope you enjoy it.  Best wishes, 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 ...
12/30/2016
Mortgage backed securities (MBS) closed up another 19 basis points today at 102.38and came to rest only 222 basis points below the 200 day moving average.   The 30 year was at  4.25%  once again today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those j...
12/30/2016
S & P 500 futures pointed slightly upward this morning as first time unemployment claims were at 265,000, which was 10,000 fewer than expected.  Gold headed slowly upward as oil sold off 20 cents.  The 10 year U.S. Treasury yield was at 2.49% while the German Bund yield was only .17%.  We are now...
12/29/2016
Mortgage backed securities (MBS) closed up another 35 basis points today at 102.19 and came to rest only 241 basis points below the 200 day moving average.   The 30 year was at  4.25%  once again today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those ...
12/29/2016
There are pundits, analysts and talking heads all around us telling us they know exactly how we should protect ourselves for the many changes a Trump administration is likely to bring.  We should we invest in manufacturers of massive equipment like GE and Caterpillar some say.  Should we invest i...
12/28/2016
Mortgage backed securities (MBS) closed up a whopping 46 basis points today at 101.81 and came to rest 288 basis points below the 200 day moving average.   The 30 year fell to  4.25%  once again today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those j...
12/28/2016
For the first time in many trading sessions gold advanced today by almost seven dollars.  The precious metal which rallied earliest this year has been near its lows for the past few weeks.  With the impending commencement of the Muslim gold trade and Donald Trump's legendary fascination with the ...
12/27/2016
Mortgage backed securities (MBS) closed dwon 9 basis today at 101.44 and came to rest 325basis points below the 200 day moving average.   The 30 year was at 4.375%  once again today.  If you have a rate of 5% or more it is still not too late to refinance; especially for those jumbo loans.  Whethe...
12/27/2016
What is a porty you might ask.  A porty is a Portuguese Water Dog.  Yes I know, everyone tells me Obama has a pair of them.  That is not why we got one.  We like the idea of an average life expectancy of 12 to 14 years.  Today we took Brody (Irish for brother) down to Long Island Sound for the fi...
12/27/2016
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For the first time I can remember the day after Christmas was treated as a federal holiday this year.  In the past, if Christmas fell on a Sunday as it did this year, we would all be headed back to work the next day unless our employer was closed for the entire week.  This year we were allowed to...
12/27/2016
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