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 

A Year of Promise  Wonder and amazement aboundThrough the air rushes the soundChurch bells ring for all to hearAs heralds of the coming new year What will it bring this new year to come?Will it bring joy for everyone?Will conflict around the earth cease?Will we finally live in peace? One thing is...
12/31/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.84 having closed 76 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 4.125%. Whether in New England,...
12/31/2019
Freddie Mac reports that the 30-year fixed-rate mortgage in 2019 was the fourth lowest at an average of 3.90% since record-keeping began in 1971. The GSE is forecasting that in 2020 as well as 2021, mortgage rates will remain historically low, but warned that even with low mortgage rates reducing...
12/27/2019
Mortgage backed securities (MBS) closed up 12 basis points today at 102.84 having closed 78 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 4.125%. Whether in New England, ...
12/27/2019
Mortgage rates were unchanged in the latest week and remain just above historic lows in this low inflation environment. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage was at 3.99% in the week ending December 20, 2019 with 0.33 in points. The Market Composite, Purcha...
12/26/2019
Mortgage backed securities (MBS) closed up 3 basis points today at 102.72 having closed 68 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 4.125%. Whether in New England, t...
12/26/2019
The housing sector received good news today due in part to low mortgage rates coupled with strong employment in the U.S. The NAHB Housing Market rose to 76 this month, a 20-year high, up five points from November. Last year, the index stood at 56. Any number over 50 indicates that more builders v...
12/16/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 102.72 having closed 76 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 4.125%. Whether in New England,...
12/16/2019
Home equity increased which is providing a source of wealth for homeowners in the U.S., CoreLogic reports. Borrower equity increased by $457 billion in the third quarter of 2019 compared with the third quarter of 2018, a 5.1% increase. CoreLogic went on to report that borrowers have gained $6 tri...
12/13/2019
Mortgage backed securities (MBS) closed up 25 basis points today at 102.81 having closed 87 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 4.125%. Whether in New England, ...
12/13/2019
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