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 

Home price gains continue to cool as they drift down to more normal levels due in part to an uptick in housing inventories. The S&P Case-Shiller 20-City Home Price Index rose 3% from February 2018 to February 2019, up 0.2% monthly from January to February. The national index increased 4% annually...
04/30/2019
Mortgage backed securities (MBS) closed up 3 basis points today at 102.62 having closed 112 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, th...
04/30/2019
For the first time in seven years, home prices fell annually though the data showed that only nine of the 85 largest metro areas saw a year-over-year decline in their median price. Redfin reports that the median home price was $295,000 annual in March, down 0.1% from March 2018. The numbers showe...
04/29/2019
Mortgage backed securities (MBS) closed down 9 basis points today at 102.59 having closed 109 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, ...
04/29/2019
The Goldilocks economy lives on in the US after the Gross Domestic Product (GDP) report showed strong growth along with lower inflation. Fears of a slowdown in economic growth here in the US were laid to rest this morning after Gross Domestic Product jumped 3.2% in Q1 2019 in the first of three r...
04/26/2019
Mortgage backed securities (MBS) closed up 12 basis points today at 102.69 having closed 120 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
04/26/2019
Mortgage rates continue to edge higher in the latest survey though still remain at 12-month lows in this low inflationary environment. Freddie Mac reports that the 30-year fixed-rate mortgage rose three basis points to 4.20% with an average 0.50 in points and fees.Sam Khater, Freddie Mac’s chief ...
04/25/2019
Mortgage backed securities (MBS) closed flat today at 102.56 having closed 107 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlanti...
04/25/2019
Mortgage rates continued to inch upward in the latest week and are now 10 basis points higher in the last three weeks and at the highest levels in a month. A strengthening economy coupled with a jump in retail sales have fueled the push higher in rates. The Mortgage Bankers Association (MBA) repo...
04/24/2019
Mortgage backed securities (MBS) closed up 16 basis points today at 102.56 having closed 107 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
04/24/2019
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