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 

Inflation at the wholesale level declined in December due in part to a drop in energy costs. The December Producer Price Index (PPI) fell 0.2% versus the -0.1% expected while the Core rate declined 0.1%, below the +0.2% expected. The tame PPI report comes after last week's tame Consumer Price Ind...
01/15/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 101.91 having closed 57 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, ...
01/15/2019
U.S. stocks are lower to begin the week after reports that Chinese exports slowed to their lowest pace in two years, solidifying slowing global growth. Questions regarding tomorrow's Brexit vote are also weighing on Stocks around the globe. Throw in the lingering government shutdown here in the U...
01/14/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 101.94 having closed 60 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, ...
01/14/2019
Consumer inflation remained subdued in December due in part to declining energy prices, reports the Bureau of Labor Statistics. The Consumer Price Index (CPI) fell 0.1%, the first decline in nine months and inline with expectations. The Core CPI, which strips out volatile food and energy, was al...
01/11/2019
Mortgage backed securities (MBS) closed up 19 basis points today at 101.97 having closed 63 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, t...
01/11/2019
Freddie Mac reports that mortgage rates fell to their lowest levels in nine months after the big rise seen in 2018 up until mid-November. The 30-year fixed-rate mortgage fell six basis points to 4.45% with an average 0.50 in points and fees. Freddie Mac said, "In response (to low rates), mortgage...
01/10/2019
Mortgage backed securities (MBS) closed down 6 basis points today at 101.84 having closed 49 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, ...
01/10/2019
Mortgage rates continued to edge lower in the latest week to levels not seen since the spring of last year. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell 10 basis points to 4.74% with 0.47 in points. "This drop in rates spurred a flurry of refinance activity -...
01/09/2019
Mortgage backed securities (MBS) closed flat today at 101.91 having closed 46 points above support offered by the 200 day moving average.  The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%.  Whether in New England, the Mid Atlanti...
01/09/2019
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