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 

I wish you a happy and prosperous new year filled with much joy and success!  I have included my New Year poem.  I hope you enjoy it and feel free to share it as you wish! A Year of Promise  Wonder and amazement aboundThrough the air rushes the soundChurch bells ring for all to hearAs heralds of ...
12/31/2018
Mortgage backed securities (MBS) closed up 1 basis points today at 101.91 having closed 56 points above support offered by the 200 day moving average.  The conforming rate is 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, t...
12/31/2018
In housing news, Pending Home Sales declined in November from October. "The latest decline in contract signings implies more short-term pullback in the housing sector and does not yet capture the impact of recent favorable conditions of mortgage rates," reports the National Association of REALTOR...
12/28/2018
Mortgage backed securities (MBS) closed up 21 basis points today at 101.81 having closed 43 points above support offered by the 200 day moving average.  The conforming rate is 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, ...
12/28/2018
Mortgage rates continues to decline this week due in part to the meltdown in the stock markets, which drove bond prices higher. Freddie Mac reports that the 30-year fixed-rate mortgage fell by seven basis points to 4.55% with an average 0.5 in points and fees. Freddie Mac said, "The drop in mortg...
12/27/2018
Mortgage backed securities (MBS) closed up 15 basis points today at 101.56 having closed 20 points above support offered by the 200 day moving average.  The conforming rate is 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, ...
12/27/2018
Home price gains are moderating after several years of frothy prices. Higher mortgage rates coupled with prices rising faster than wages are a few reasons for the pull back in home price gains. The S&P Case-Shiller 20-City Index rose 5% from October 2017 to October 2018, down from 5.2% in Septemb...
12/26/2018
Mortgage backed securities (MBS) closed down 19 basis points today at 101.41 having closed 5 points above support offered by the 200 day moving average.  The conforming rate is 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,...
12/26/2018
Inflation pressures remained contained in November as evidenced by a key barometer that the Federal Reserve closely watches. The Core Personal Consumption Expenditure (PCE) came in at 1.9% year-over-year in November, just above the 1.8% recorded in October. The Federal Reserve has a target of 2% ...
12/24/2018
Mortgage backed securities (MBS) closed up 16 basis points today at 101.59 having closed 22 points above support offered by the 200 day moving average.  The conforming rate is 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, ...
12/24/2018
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