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 

US stocks are lower to begin the holiday shortened trading week after mixed earnings numbers from Goldman Sachs and Citigroup as earnings season kicks into high gear. The S&P 500 Stock Index, currently at 2,902, is now just 26 points from its all-time closing high of 2,930 hit back on September 2...
04/16/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.44 having closed 97 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...
04/16/2019
Corporate earnings season kicked off on a high note today with the banking sector coming in with solid numbers. Both JPMorgan Chase and Wells Fargo beat expectations for revenues and profits. Earnings season will give investors insight as to whether or not the US economy is cooling and what will ...
04/16/2019
Mortgage backed securities (MBS) closed down 9 basis points today at 102.41 having closed 96 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...
04/16/2019
Inflation at the wholesale level pushed higher in March fueled by higher energy costs. The Producer Price Index heated up in March rising 0.6% from February's gain of 0.1%. It was the largest increase in five months and comes after CPI had its biggest increase in 12 months. However, the Fed's fav...
04/11/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.66 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, ...
04/11/2019
Higher gas prices along with rising rental prices pushed consumer prices higher in March. The March Consumer Price Index (CPI) rose 0.4% from the 0.2% gain in February, matching estimates. It was the largest increase since January 2018. The Core CPI rose 0.1%, below the 0.2% expected. Year-over-y...
04/10/2019
Mortgage backed securities (MBS) closed up 9 basis points today at 102.69 having closed 123 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...
04/10/2019
The NFIB Small Business Optimism Index rose in March from February to 101.8, 'a historically strong level and an indication that small businesses continue to power the economy after being briefly shaken by January's government shutdown,' reports the NFIB. "Small business owners continue to create...
04/09/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.56 having closed 111 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, ...
04/09/2019
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Jeff Jensen

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