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 FHA, Fannie Mae and Freddie Mac have announced measures to deal with mortgage forbearance for millions of borrowers due to the economic malaise caused by the coronavirus pandemic. The FHFA has announced that Fannie Mae and Freddie Mac will purchase certain single-family mortgages in forbearan...
04/22/2020
Mortgage backed securities (MBS) market closed up 25 basis points today at 103.94 having closed 388 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
04/22/2020
Social distancing guidelines caused potential home sellers to pull properties off the market in March as the pandemic continued to disrupt the U.S. economy. The National Association of REALTORS® reports that March Existing Home Sales fell 8.5% from February to an annual rate of 5.27 million units...
04/21/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.69 having closed 365 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
04/21/2020
Plans and guidelines to reopen the U.S. economy along with a report out that a new drug could treat the virus are fueling the risk-on trade today. The White House announced guidelines last night to reopen the U.S. economy in three phases in an effort to restart the world's largest economy. State ...
04/17/2020
Mortgage backed securities (MBS) market closed down 9 basis points today at 103.88 having closed 388 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
04/17/2020
New home-building activity plunged in March from February as the coronavirus fears spread throughout the nation. The Commerce Department reports that Housing Starts fell 22% last month from February to an annualized rate of 1,216,000 versus the 1,300,000 expected. It was the largest decline since...
04/16/2020
 Mortgage backed securities (MBS) market closed down 6 basis points today at 103.97 having closed 400 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
04/16/2020
Due to the continued economic fallout and uncertainty from the coronavirus, mortgage rates fell modestly in the latest survey. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell four basis points in the latest week to 3.45% in the week ended April 10. It was ...
04/15/2020
Mortgage backed securities (MBS) market closed up 22 basis points today at 104.03having closed 408 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
04/15/2020
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Jeff Jensen

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