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 all you Active Rainers out there a splendid holiday season.  What with Chrsitmas, Hanukkah and Kwanzaa coming in one right after another, there will be celebrations and prayers enough for everyone.  Small children will be dazzled by gifts and bright images while adults will enjoy their chi...
12/23/2016
Mortgage backed securities (MBS) closed flat today at 101.53 and came to rest 316 basis 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.  Whether in Ne...
12/23/2016
Initial jobless claims were up 21,000 as 275,000 people filed for unemployment benefits  last week and the final reading for the third quarter Gross Domestic Product (GDP) was up a strong 3.5%.  The Fed's favorite indicator of inflation the PCE or Personal Consumption Expenditures, was flat last ...
12/22/2016
Mortgage backed securities (MBS) closed down 6 basis points today at 101.53 and came to rest 316 basis points below the 200 day moving average.   So much for the benefit of closing at yesterday's high.  The 30 year was at 4.375%  once again today.  If you have a rate of 5% or more it is still not...
12/22/2016
Stocks were nearing new highs today when they paused for a brief respite.  With economists around the country calling for the stock and bond market bubbles to burst, the Dow closed to within 58  points of the powerful psychological 20,000 level.  As MBS bonds eked out a second gain in three days,...
12/21/2016
Today is the official winter solstice and has the least daylight of any day this year.  In commemoration of things to come I have included my winter solstice poem.  I hope you enjoy it. A White Celebration From the silent sky it began to fallCascading wistfully down to us allJogging our memories ...
12/21/2016
Mortgage backed securities (MBS) closed up 19 basis points today at 101.59 and came to rest 310 basis points below the 200 day moving average.   The bond closed just exactly at its high for the day which bodes well for tomorrow.   The 30 year was at 4.375%  once again today.  If you have a rate o...
12/21/2016
Mortgage backed securities (MBS) closed down 9 basis points today at 101.410 and came to rest 327 basis points below the 200 day moving average.   MBS bonds had lost close to 450 basis points since the election.  The 30 year was at 4.375%  once again today.  If you have a rate of 5% or more it is...
12/21/2016
Well the deed is done!  Donald Trump just received the electoral votes from the loan star state which pushed him over the 270 votes needed to become our next president.  Texas, which was first a republic sporting the single star on its flag, was admitted to the union in 1845.  Many U.S. President...
12/19/2016
Mortgage backed securities (MBS) closed up 41basis points today at 101.50 and came to rest 319 basis points below the 200 day moving average.   This the first real progress since last week's Fed meeting.   The bond closed just 3 basis points off its highs.   The 30 year was at 4.375%  once again ...
12/19/2016
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