Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2020 

The good news keeps on coming for the housing market due in part to low rates and a solid economic backdrop. The National Association of REALTORS® (NAR) reports that January Pending Home Sales surged 5.2% from December versus the 2% expected. On an annual basis, sales were up 5.7%. The NAR did sa...
02/27/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 102.50 having closed 131 points above support offered by the 200 day moving avedrage. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New E...
02/27/2020
U.S. home prices rose at a solid pace in December as rates remained low while inventories continued to decline. The S&P Case-Shiller 20-City Home Price Index rose 2.9% annually in December, up from 2.5% in November, up 0.4% month over month from November to December. The National Index rose 3.8% ...
02/25/2020
Mortgage backed securities (MBS) market closed flat today at 102.38 having closed 123 points above support offered by the 200 day moving avedrage. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mi...
02/25/2020
The manufacturing received some positive news today with activity in the Philadelphia region surging this month. The Philadelphia Manufacturing Index surged 20 points this month to 36.7, the highest reading since February 2017. The survey’s current indicators for general activity, new orders, and...
02/20/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 102.06 having closed 102 points above support offered by the 200 day moving avedrage. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New En...
02/20/2020
The housing sector received some positive news today from builders as sentiment remains near a 20-year high due in part to low borrowing costs. The NAHB Housing Market Index fell one point to 74 in February while sentiment for builders in the South, the biggest region, was the highest on record. ...
02/18/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 102.03 having closed 96 points above support offered by the 200 day moving avedrage. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New Eng...
02/18/2020
A brighter view from consumers on the economy and finances in January lifted sentiment to the highest level since March 2018. The Consumer Sentiment Index rose to 100.9 in early February from 99.8 recorded in January. Overall, both the sentiment and expectations indexes moved higher. In addition,...
02/17/2020
Mortgage backed securities (MBS) markets were closed today remaining at 102.00 having closed 95 points above support offered by the 200 day moving avedrage. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New Engla...
02/17/2020
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