Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2020 

Inflation has been non-existent in the past two months due to the coronavirus induced shutdown of the U.S. economy. The inflation reading Core PCE fell to 1% annually in April, down 0.5% monthly from March. Personal Spending fell by 13.6% while Personal Incomes rose 10.5%. The personal savings ra...
05/29/2020
Mortgage backed securities (MBS) market closed up 19 basis points today at 103.69 having closed 301points 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...
05/29/2020
Just over 40 million Americans are now on the unemployment line since the shutdown began in mid-March but there is a silver lining. Weekly Initial Jobless Claims rose 2.123 million versus the 2 million expected for the week ended May 23. However, continuing claims or the number of people who have...
05/28/2020
Mortgage backed securities (MBS) market closed flat today at 103.50 having closed 284 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 England, the Mid...
05/28/2020
Mortgage rates continued to hover near record lows in the latest week as low rates spur on purchase activity. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage was essentially unchanged at 3.42% with 0.33 in points. The Market Composite Index, a measure of total ...
05/27/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 103.50 having closed 285 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...
05/27/2020
Sales of newly constructed single-family homes unexpectedly jumped in April though the market may not have felt the full impact from the pandemic as job losses mount. New Home Sales rose 0.6% in April from March to an annual rate of 623,000 units, well above the 485,000 expected. Sales were down ...
05/26/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 103.56 having closed 294 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...
05/26/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.50 having closed 289 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...
05/22/2020
Nearly 39 million Americans have lost their jobs in the past nine weeks due to the economic shutdown. However, with many states reopening, Memorial Weekend upon us and the American spirit ready to go - the market response to the weak data is muted. Weekly Initial Jobless Claims came in at 2.438 m...
05/21/2020
Rainmaker
1,469,666

Jeff Jensen

Ask me a question
*
*
*
*