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 

Low inventories of affordable homes for sale on the market impacted lower sales in December. The National Association of REALTORS® reports that Pending Home Sales fell nearly 5% in December from November. Each of the nation's four major regions suffered losses. Sales were up 4.6% compared to last...
01/29/2020
Mortgage backed securities (MBS) markets closed up 15 basis points today at 102.09 having closed 124 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New ...
01/29/2020
Home prices continue to increase at a moderate pace across the U.S. with a stable housing market in November. The S&P Case-Shiller 20-City Home Price Index rose 2.6% annually up from the 2.2% gain seen in October. The national index increased 3.5% annually from 3.2% in October. The housing market...
01/28/2020
Mortgage backed securities (MBS) markets closed down 3 basis points today at 101.94 having closed 111 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New...
01/28/2020
The Commerce Department reports that New Home Sales slipped by 0.4% in December from November to an annual rate of 694K units, below the 725K expected. November was revised lower to 697K from 719K. For all of 2019, New Home Sales increased 10.3% to 681,000 units, the highest since 2006. The media...
01/27/2020
2Mortgage backed securities (MBS) markets closed up 6 basis points today at 102.00 having closed 118 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New ...
01/27/2020
The upward momentum in rental prices cooled a bit in December coming in flat for the month, which is a normal seasonal trend. Yardi Matrix reports that the average U.S. rent fell $1 in December to $1,474 and up 3% from December 2018 to December 2019. Rent growth continues to be strong in all regi...
01/24/2020
Mortgage backed securities (MBS) markets closed flat today remain at 101.88 having closed 109 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England...
01/24/2020
Homeowners continue to feel the benefits of a strong labor market and continued expanding economy. ATTOM Data Solutions reports that U.S. home sellers nationwide saw a realized home price gain of $65,500 in 2019, up from $58,100 in 2018 and up from $50,027 two years ago. In addition, the latest p...
01/23/2020
Mortgage backed securities (MBS) markets closed flat today remain at 101.88 having closed 109 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England...
01/23/2020
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