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 housing sector continues to astound the markets and has been an anchor for the U.S. economy for the past four months. The National Association of REALTORS® reports that Pending Home Sales rose 8.8% in August to a record 132.8 for the index. Annually, the index surged 24.2%. However, the pace ...
09/30/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 104.88 having closed 195 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New ...
09/30/2020
Consumer confidence surged in September as the economy continued to improve while fears from the coronavirus eased. The Conference Board's Consumer Confidence Index surged to a post-pandemic high of 101.8 this month, above the 88.5 expected and far surpassing the 86.3 recorded in August. Lynn Fra...
09/29/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.94 having closed 204 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New En...
09/29/2020
Americans filing for first-time unemployment benefits continued to run stubbornly high in the latest week. Weekly Initial Jobless Claims came in at 870,000 for the week ended September 19, above the 825,000 expected and above the 866,000 in the previous week. Continuing claims, which measures tho...
09/25/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 104.81 having closed 197 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New E...
09/25/2020
U.S. stock markets are plunging as the week kicks off due in part to fears of a second wave of the coronavirus this fall, political uncertainty along with no stimulus deal yet reached in Congress. The Dow Jones Industrial Average has been down over 800 points in early trading. Several big global ...
09/21/2020
Mortgage backed securities (MBS) market closed dow 6 basis points today at 104.62 having closed 1905 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
09/21/2020
The housing sector continues to be a bright spot in the U.S. economy fueled by low rates and an improving labor market. The NAHB Housing Market Index shot to a record high this month of 83, eclipsing the previous high of 78 set in August. The index dates back to 1985. However, the NAHB said that ...
09/16/2020
Mortgage backed securities (MBS) market closed down 13 basis points today at 104.78 having closed 215 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
09/16/2020
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