Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2018 

Americans filing for first-time unemployment claims continue to hover near lows seen in the early 1970's as the labor market is now near full employment. Weekly Initial Jobless Claims fell 1,000 to 222,000 and have remained below the 300,000 mark for 170 weeks, a sign of strength in the sector. T...
06/08/2018
Mortgage backed securities (MBS) closed up 19 basis points today at 101.72 having remained below resistance offered by the 50 day moving average and come to rest 12 basis points below it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 millio...
06/08/2018
Mortgage rates declined in the latest week which sparked a jump in mortgage applications, reports the Mortgage Bankers Association (MBA). The MBA reports that its Market Composite Index, a measure of total mortgage loan application volume, rose 4.1% in the latest week. The refinance index rose 4%...
06/06/2018
Mortgage backed securities (MBS) closed down 22 basis points today at 101.56 having fallen through support offered by the 25 day moving average and come to rest 6basis points below it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million w...
06/06/2018
Limited inventories of homes for sale on the market continue to push home prices higher as “new construction fails to keep up with and meet new housing growth or replace existing inventory,” according to CoreLogic Chief Economist Frank Nothaft. CoreLogic reports that home prices, including distr...
06/05/2018
Mortgage backed securities (MBS) closed up 6 basis points today at 101.78 having come to rest 11 basis points below resistance offered by the 50 day moving average.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million was at 4.50%.  Whethe...
06/05/2018
The National Association for Business Economics (NABE) feels the Tax Cut & Jobs Act will boost economic growth in 2018 and 2019, but the U.S. could fall into a new recession in 2020. NABE expects 2.8% Gross Domestic Product this year, slightly lower from its 2.9% reported in March. The slightly l...
06/04/2018
Mortgage backed securities (MBS) closed down 22 basis points today at 101.72 having fallen through suppport offered by the 50 day movinga average and come to rest 19 basis points below it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 milli...
06/04/2018
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Jeff Jensen

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