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 

Consumer Sentiment slipped in August to its lowest level since January as its current economic conditions component declined. The final Consumer Sentiment Index for August came in at 96.2, below the 97.9 recorded in July but above expectations of 95.5. The report went on to reveal that future inc...
08/31/2018
Mortgage backed securities (MBS) closed up 3 basis today at 101.78 having remained at resistance offered by50 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 4.375%.Whether in New England, the Mid Atlantic or ...
08/31/2018
Mortgage rates were essentially unchanged this week as they hover near the same levels for the past three weeks. Freddie Mac reports that the 30-year fixed-rate mortgage is at 4.52% for the week ended today with an average 0.5 in points and fees. Freddie Mac says that while sales and price growth...
08/31/2018
Mortgage backed securities (MBS) closed up 6 basis today at 101.78 having remained at resistance offered by100 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 4.375%.Whether in New England, the Mid Atlantic or...
08/31/2018
After moving higher from the beginning of the year until mid-June, mortgage rates have pushed lower and continued to edge even lower in the latest week. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell three basis points to 4.78% with an average 0.46 point ...
08/29/2018
Mortgage backed securities (MBS) closed flat today at 101.72 having remained below resistance 100 day moving average and closed 2 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 4.375%.Whether in New England, the...
08/29/2018
Home prices continued to rise in June, but at a slightly slower pace than in the past. The S&P/Case-Shiller 20-City Home Price Index rose 6.3% from June 2017 to June 2018. This was slightly below the 6.4% expected and down from the 6.5% recorded in May. Month over month, prices rose 0.1% from May...
08/29/2018
Mortgage backed securities (MBS) closed down 16 basis points today at 101.72 having fallen through support offered by the 100 day moving average and closed 2 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 4.375%...
08/29/2018
U.S. Stocks are higher to begin the week on news that the U.S. and Mexico are trying to reach a deal on the North American Free Trade Agreement (NAFTA). The Dow Jones Industrial Average is up 200 points in early trading. In addition, Fed Chair Powell said that gradual interest rate hikes will con...
08/27/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 101.91 having remained above support offered by the 10 day moving average and closed 4 points above 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 4.375%.W...
08/27/2018
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