Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2019 

Good news was reported this morning in the housing sector as the spring buying gets underway. Sales of new single-family houses rose nearly 5% in February from January recording the largest monthly gain in 11 months. The Census Bureau reports that New Home Sales came in at an annual rate of 667,0...
03/29/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.84 having closed 142 points above support offered by the 200 day moving average.  The conforming rate is at 4.125% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%.  Whether in New England...
03/29/2019
Low inflation levels coupled with slowing global economic growth continued to push mortgage rates lower in the latest survey to lows seen in mid-January 2018. Freddie Mac reports that the 30-year fixed-rate mortgage fell 22 basis points to 4.06% with an average 0.50 in points and fees. It was the...
03/28/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.88 having closed 157 points above support offered by the 200 day moving average.  The conforming rate is at 4.125% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%.  Whether in New England...
03/28/2019
Home borrowing and refinance costs continued to decline in the latest week due in part to fears of slowing global growth along with a low inflation environment. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell ten basis points in the latest week to 4.45% wi...
03/27/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.94having closed 153 points above support offered by the 200 day moving average.  The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%.  Whether in New England, ...
03/27/2019
 The Commerce Department reports that Housing Starts fell 8.7% month-over-month in February from January to an annual rate of 1.162 million units versus the 1.210 million expected. Starts were down 9.9% year-over-year. It was the largest monthly percentage decline for total Housing Starts in eigh...
03/26/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.88 having closed 148 points above support offered by the 200 day moving average.  The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%.  Whether in New England,...
03/26/2019
Rental prices edged higher in February from January and are up 3.6% annually last month, up $2 to $1,426. The 3.6% annual gain is the largest increase since late 2016, according to the latest Yardi Matrix National Multifamily Report. The data showed that demand for rentals continues to grow, whic...
03/25/2019
Mortgage backed securities (MBS) closed flate today at 102.81 having closed 14 points above support offered by the 200 day moving average.  The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%.  Whether in New England, the Mid Atla...
03/25/2019
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