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 

The National Association of REALTORS® reports that Pending Home Sales unexpectedly declined in October by 2.6% from September, well below the gain of 0.5% expected. On an annual basis, sales fell 6.7%, the seventh straight month of annual decreases. Sales declined in the South, Midwest and the We...
11/29/2018
Mortgage backed securities (MBS) closed up 3 basis points today at 100.47 having remained above support offered by the 50 day moving average and closed 25 points above it.  The conforming rate is at 4.875% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  Wh...
11/29/2018
The Commerce Department reported this morning that New Home Sales fell 8.9% in October from September to an annual rate of 544,000, below the 575,000 expected. However, sales in September were revised higher to 597,000 from 553,000. Sales were down 12% from October 2017. Across the country, sales...
11/28/2018
Mortgage backed securities (MBS) closed up 10 basis points today at 100.41 having remained above support offered by the 100 day moving average and closed 18 points above it.  The conforming rate is at 4.875% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  ...
11/28/2018
The September Case-Shiller 20-City Index rose 5.1% from September 2017, just below the 5.3% expected and down from 5.5% in August. Month-over-month was unchanged. The slower pace of gains is to be expected and with faster-rising wages, it represents a healthier market. “Home prices plus data on h...
11/27/2018
Mortgage backed securities (MBS) closed up 6 basis points today at 100.28 having broken through resistance offered by the 100 day moving average and closed 4 points above it.  The conforming rate is at 5.00% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%.  W...
11/27/2018
Last Thursday (November 15) we had outr first now here in Connecticut.  I have attached my first snow poem below.  I hope you enjoy it.A White Celebration From the silent sky it began to fallCascading wistfully down to us allJogging our memories with simple beautyTo remind us to carry out our dut...
11/25/2018
I hope you had a great Thanksgiving.  I have attached my Thanksgiving poem.  I hope you enjoy it.Thanksgiving   There are so many things to be thankful forWhere might I begin?Little faces to adoreAnd finally tucking them in Little boys and little girlsTo perpetuate our raceSimple toys and pretty ...
11/25/2018
After the recent spate of sub-par housing news, October Housing Starts rose 1.5% from September to an annual rate of 1.228 million units while Building Permits beat expectations. However, single-family starts declined 1.8% from October while multi-family starts rose 6.2%. Annually, total Housing ...
11/20/2018
Mortgage backed securities (MBS) closed down 9 basis points today at 100.12 having remained above resistance offered by the 25 day moving average and closed 17 points above it.  The conforming rate is at 5.00% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%. ...
11/20/2018
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