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 

Foreclosure activity continues to decline and is down significantly from the peak seen in early 2010. ATTOM Data Solutions reports that there were 362,275 properties with foreclosure filings, default notices, scheduled auctions or bank repossessions in the first half of 2018, down 15% from the sa...
07/17/2018
Mortgage backed securities (MBS) closed flat today at 101.91 having remained below support offered by the 100 day moving average and come to rest  4 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 million was at 4.50%. ...
07/17/2018
The July 2018 NABE (National Association for Business Economics) Business Conditions Survey indicates strong sales and steady profit margins in the second quarter of 2018, as well as increasing materials costs and wages. The survey revealed that additional investment and job gains are expected. I...
07/16/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 101.91 having fallen through support offered by the 100 day moving average and come to rest  4 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 million...
07/16/2018
Consumer Sentiment edged lower in early July but remains near lofty levels. The continued strength in the index is due in part to favorable job and income prospects. The preliminary July Consumer Sentiment Index came in at 97.1 versus the 97.8 expected and down from 98.2 in June. Looking ahead, t...
07/13/2018
Mortgage backed securities (MBS) closed up 12 basis points today at 102.00 having broken through resistance offered by the 100 day moving average and come to rest  basis points avove it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million...
07/13/2018
The Bureau of Labor Statistics reports that the inflation reading Consumer Price Index (CPI) rose 2.9% in the 12-months ending in June from 2.8% in May. It was the largest increase since the year ending February 2012. The energy index increased 12.0% over the past year, as the gasoline index incr...
07/13/2018
Mortgage backed securities (MBS) closed up 7 basis points yesterday at 101.88 having climbed above resistance offered by the 10.  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%.  Whether in New England, the Mid Atlantic o...
07/13/2018
 Higher energy costs pushed wholesale prices higher in June which led to the biggest annual increase in prices in 6 1/2 years. The Producer Price Index (PPI) rose 3.4% annually in June while month over month saw an increase of 0.3%. The so-called Core PPI, which strips out volatile food and energ...
07/11/2018
Mortgage backed securities (MBS) closed flat today at 101.81 having fallen through support offered by the 10 and 100 day moving averages and come to rest 11 basis points below the 10 day.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 millio...
07/11/2018
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Jeff Jensen

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