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 

Home prices edged higher though the data was backward-looking in the January S&P Case-Shiller 20-City Home Price Index. Home prices rose 3.1% from January 2019 to January 2020, up from 2.8% the previous month as prices continued to increase at a modest rate across the U.S. The National Index saw ...
03/31/2020
Mortgage backed securities (MBS) market closed down 37 basis points today at 103.47 having closed 376 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/31/2020
The housing market received some positive news today for the month of February but the numbers were prior to the coronavirus shutdown. The National Association of REALTORS reports that Pending Home sales rose 2.4% in February from January and above the -1.6% expected. Annually, the index was up 9...
03/30/2020
Mortgage backed securities (MBS) market closed down 59 basis points today at 103.84 having closed 415 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/30/2020
The broad shutdown of businesses, due to the virus, across the country is slowing growth and like Fed Chair Powell said yesterday, the U.S. could be in a recession now. However, Mr. Powell went on to say that there could be a 'good rebound on the other side of this' and 'there is nothing fundamen...
03/27/2020
Mortgage backed securities (MBS) market closed up 75 basis points today at 104.44 having closed 479 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
03/27/2020
Due to the recently added liquidity actions by the New York Federal Reserve, the mortgage markets have stabilized a bit after several weeks of depressed prices for mortgage-backed securities. Mortgage rates edged lower with the 30-year fixed-rate mortgage declining to 3.50% this week from 3.65% l...
03/26/2020
Mortgage backed securities (MBS) market closed up 50 basis points today at 103.69 having closed 307 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
03/26/2020
Mortgage rates edged higher for the second week in a row due in part to increased secondary market volatility, lenders coping with volume issues and backlogs in their pipelines, and remote work staffing challenges, reports the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage ro...
03/25/2020
Mortgage backed securities (MBS) market closed down 12 basis points today at 103.19 having closed 258 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/25/2020
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