Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2017 

   The Federal Savings Bank has special products to help your buyers get financed.  If you have a challenging scenario, please give me a call at 203-981-8282.  I can probably help you.  We lend in all 50 states! Schedule E       We use the “old-school” method of Schedule E. We take gross income –...
10/24/2017
Your borrower is purchasing a new property and comes to you for help with strategy.  They currently own a property, but they just found their dream home!Unfortunately, without either selling their existing property or renting it out, they can’t qualify for the new purchase.  They weigh their opti...
10/24/2017
Mortgage backed securities (MBS) closed down 28 basis points today at 102.47 having finished the day 26 basis points below resistance offered by the 10 day moving average The 30 year was available at 4.125% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the ...
10/24/2017
Mortgage backed securities (MBS) closed up 13 basis points today at 102.75 having finished the day 13 basis points below resistance offered by the 10 day moving average The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the Mid...
10/24/2017
The senate approved a budget bill that could lead to Mr. Trump's promised tax cuts today.  September  existing home sales were up .7% over August to a higher than expected annual rate of 5.39 million units.  The idea of tax cuts made equity traders happy as stocks surged upward once again.  Meanw...
10/20/2017
Mortgage backed securities (MBS) closed down 25 baiss points today at 102.66 having finished the day 7 basis points below resistance offered by the 200 day moving average and once again falling below all the moving averages. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.12...
10/20/2017
After being in the losing column most of the day The Dow rallied before the close and managed to close above 23,000 for the second consecutive day and even squeaked out another record high.  There was some talk by the pundits that President Trump might be leaning toward Jerome Powell, a current F...
10/19/2017
Mortgage backed securities (MBS) closed up 9 baiss points today at 102.91 having finished the day just 2 basis points below resistance offered by the 10 day moving average. The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Whether in New England, the Mid Atlantic or the...
10/19/2017
Well today was the day.  The closing bell rang, digital cameras collected thousands of image in just seconds and the traders hooted and hollered at the top of their collective lungs.  The Dow finally closed above 23,000 for the first time.  The Dow which closed at 19,827 on inauguration day back ...
10/18/2017
Mortgage backed securities (MBS) closed flat today at 102.61 having finished the day 11basis points below resistance offered by the 200 day moving average. The 3.50% coupon bond is now below all 5 moving averages.  The 30 year was available at 4.00% today.  The 30 year jumbo was at 4.125%.  Wheth...
10/18/2017
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Jeff Jensen

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