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 

Consumers were more hopeful of a recovery to the U.S. economy in the early part of this month as many states reopened and the employment picture for May showed signs of a turnaround. Consumer Sentiment rose to 78.9 in from 72.3 in May, it's second monthly gain. However, few consumers anticipate t...
06/12/2020
Mortgage backed securities (MBS) market closed down 12 basis points today at 103.81 having closed 295 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 ...
06/12/2020
 The MBA reports that mortgage rates were unchanged in the latest week and remain near record lows. The 30-year fixed-rate mortgage was unchanged at 3.38% with 0.30 in points. The MBA went on to report that the Market Composite Index rose 9.3%, the Purchase Index was up 5.3% while the Refinance I...
06/11/2020
Mortgage backed securities (MBS) market closed down 3 basis points today at 103.94 having closed 310 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...
06/11/2020
The trend from last week continues - stocks are higher, the dollar is lower, oil and bond yields remain near the highest levels in months. After Friday's blistering Jobs report and the subsequent surge in stock prices, this week the rally continues with the S&P (3,193) closing in on its all-time ...
06/08/2020
Mortgage backed securities (MBS) market closed up 28 basis points today at 103.66 having closed 288 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...
06/08/2020
The labor market got a needed booster shot in the arm today by way of a huge gain in the number of jobs created in May. The Bureau of Labor Statistics reports that 2.5 million jobs were created in May versus the 8.5 million expected to be lost. Instead of being the worst jobs report in American h...
06/05/2020
Mortgage backed securities (MBS) market closed down 16 basis points today at 103.34 having closed 257 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 ...
06/05/2020
The unemployment line continues to grow as the pandemic induced shutdown severely crippled the labor market. Weekly Initial Jobless Claims came in at 1.87 million near expectations. Continuing claims, which provide a clearer picture of how many Americans remain unemployed, totaled 21.5 million, a...
06/04/2020
Mortgage backed securities (MBS) market closed down 19 basis points today at 103.47 having closed 272 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 ...
06/04/2020
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Jeff Jensen

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