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 

Consumer confidence continues to rebound across the nation as states reopen and begin the process of getting back to business. The Conference Board reports that its Consumer Confidence Index surged in June to 98.1 from 85.9 in May. In addition, the Present Situation Index – based on consumers’ as...
06/30/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 104.22 having closed 314 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
06/30/2020
Pent-up demand and low mortgage rates continue to fuel the housing sector after the pandemic shutdown state economies in March and April as well as the early part of May. The National Association of REALTORS (NAR) reports that Pending Home Sales surged by 44% in May from April. It was the highest...
06/29/2020
Mortgage backed securities (MBS) market closed up 7 basis points today at 104.19 having closed 314 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
06/29/2020
Consumer Sentiment continues to rebound in June after the steep decline seen in April from March. After the 89.1 seen in March, April fell to 71.8 while June hit 78.9. The numbers in the second half of June declined somewhat as consumers saw the reopening improve the labor market at a probable co...
06/26/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 104.12 having closed 309 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
06/26/2020
The U.S. saw its biggest daily rise in daily coronavirus cases on Wednesday, two months after the previous record with the resurgence mainly hitting in the South and West. The threat is seen that new infections could curtail the recent reopening of state economies if the pandemic worsens. However...
06/25/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 104.00 having closed 299 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
06/25/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.84 having closed 285 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
06/24/2020
Mortgage rates continue to hover near all-time lows though inventory concerns continue to plague the market. The MBA reports that the 30-year fixed-rate mortgage was unchanged in the latest week at 3.30% with 0.32 in points. The report went on to reveal that the Market Composite Index, a measure ...
06/24/2020
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