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 

Remember the term inflation?  Well now global investors are using the term reflation after governments across Europe seemed to be heading toward deflation earlier this year.  At this point, global stocks are embracing the change.  Combine that with the ongoing post election rally and all three U....
12/09/2016
Mortgage backed securities (MBS) closed down 31basis points today at 102.31 coming to rest 248 basis points below the 200 day moving average.   The bond opened lower and was was up to 102.69 during the session before hitting the skids. The 30 year was at 4.125%  today.  If you have a rate of 5% o...
12/09/2016
The European Central Bank (ECB) extended its  practice of buying ECB bonds until the end of 2017 today.  It did ,however, reduce the monthly purchases from 80 billion Euros down to 60 billion.  The 10 year Treasury yield grew from 2.34% to 2.40% as Treasuries continued their recent sell off.  Mea...
12/08/2016
Mortgage backed securities (MBS) closed down 12 basis points today at 102.75 coming to rest 205 basis points below the 200 day moving average.   The bond opened lower and was never in the money during the session. The 30 year was at 4.125%  today.  If you have a rate of 5% or more it is still not...
12/08/2016
I had no idea when I began posting and blogging on the Active Rain website that I would one day write my 3,000th post.  I certainly had no idea that I would be the first mortgage person in the country to reach that level and thus to have posted more blogs than any other mortgage originator/banker...
12/07/2016
Mortgage backed securities (MBS) closed up 3 basis points today at 102.59 coming to rest 226 basis points below the 200 day moving average.   The bond which was up as high as 10 points during the day faded prior to the close. The 30 year was at 4.125%  today.  If you have a rate of 5% or more it ...
12/07/2016
Italy's referendum to reduce the size of the upper house called the Senato form 3150 legislators down to only 100 was solidly thrashed yesterday.  The "no vote" was a massive 60% with nearly 70% of the voting public casting votes.  The idea was perceived as giving too much power the to ruling par...
12/05/2016
 Mortgage backed securities (MBS) closed down 3 basis points today at 102.56 coming to rest 229 basis points below the 200 day moving average.   The bond which was up as high as 10 points during the day faded prior to the close. The 30 year was back at 4.125%  today.  If you have a rate of 5% or ...
12/05/2016
Today was the big day when the government reported its tally of new non farm jobs.  Today's report showed 178,000 new jobs creates versus the 180,000 estimate and 28,000 less than ADP reported earlier in the week.  Crude oil cooled off a bit after the euphoria following the announcement of the pr...
12/02/2016
Mortgage backed securities (MBS) closed up 31 basis points today at 102.59 coming to rest 226 basis points below the 200 day moving average.   The bond which was up 47 points during the day, made back 60% of yesterday's loss. The 30 year was back at 4.125%  today.  If you have a rate of 5% or mor...
12/02/2016
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