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 consumer spending surged in July as Americans spent on an assortment of goods and services, which could further diminish the chances of a recession here in the US. Personal spending rose 0.6% in July, up from the 0.3% gain in June and above the 0.5% expected. Within the report, the annual Core...
08/30/2019
Mortgage backed securities (MBS) closed up 3 basis points today at 102.75 having closed 194 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, t...
08/30/2019
Mortgage rates inched higher in the latest week, though they remain near multi-year lows and almost a full percentage point lower than last year this time. Freddie Mac reports that the 30-year fixed-rate mortgage rose five basis points to 3.60% this week with an average 0.5 in points and fees. Sa...
08/29/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.66 having closed 188 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England,...
08/29/2019
Mortgage rates inched higher in the latest week rising for the first time since the week of July 12. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage rose just four basis points to 3.94% with 0.38 in points for the week ended August 23 but remain 80 basis points...
08/28/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.69 having closed 194 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, t...
08/28/2019
Home price gains continued to slow in June after the big gains seen annually a year ago. The S&P Case/Shiller 20-City Home Price Index rose 2.1% from June 2018 to June 2019, down from 2.4% in May. That is well below the near 7% gains seen last year this time. On a monthly basis from May to June, ...
08/27/2019
Mortgage backed securities (MBS) closed up 19 basis points today at 102.62 having closed 190 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
08/27/2019
Sales of newly-constructed single-family homes fell in July from June, though the numbers in June were revised sharply higher. Low mortgage rates have been a support mechanism for the housing market while low inventories and a construction slowdown have made purchases less affordable for potentia...
08/23/2019
Mortgage backed securities (MBS) closed up 9 basis points today at 102.59 having closed 192 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, t...
08/23/2019
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