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 

 Signs that the U.S. economy is recovering as states reopen continued today with many reports streaming in positive since May. McDonald's, the world's largest fast-food chain, announced this week it will be hiring 260,000 workers this summer as its dining rooms begin to reopen across the country....
06/19/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 103.72 having closed 277 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...
06/19/2020
Mortgage rates hit fresh record lows this week due in part to the uneven economy, according to Freddie Mac. The 30-year fixed-rate mortgage fell to 3.13% with 0.8 in points and fees. It was the lowest rate since Freddie Mac began keeping records in 1971. Last year this time the rate was 3.84%. Fr...
06/18/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 103.75 having closed 282 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...
06/18/2020
In housing news, May Housing Starts rose 4.3% from April to an annual rate of 974,000 though well below the 1.170 million expected, which seemed like a lofty estimate. From May 2019 to May 2020, starts were down 23%. Single-family starts were near unchanged at 675,000 annual units while multi-fam...
06/17/2020
Mortgage backed securities (MBS) market closed flat today at 103.69 having closed 277 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...
06/17/2020
Economic data continues to stream in on the positive side as more states reopen their respective economies. May Retail Sales had its largest monthly jump ever, rising by 17.7% after the -14.7% seen in April and above the 9% expected. Core Retail Sales surged 12.4% versus the 5.2% anticipated. Dem...
06/16/2020
Mortgage backed securities (MBS) market closed down 12 basis points today at 103.66having closed 276 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...
06/16/2020
The pandemic induced shutdown of many businesses and subsequent loss of millions of jobs across the nation has severely hit the ability to keep mortgage payments on time. Since March, millions of Americans have entered into some type of forbearance with their lenders. This past week Black Knight ...
06/15/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 103.781 having closed 290 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 ...
06/15/2020
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Jeff Jensen

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