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 

RE/MAX reports that the housing sector ended the year on a strong note in December. December finished with a 13.5% year-over-year gain in home sales in the 54 metros it covers - the highest increase of any month in 2019 and also the highest month of December since 2009. However, shrinking invento...
01/21/2020
Mortgage backed securities (MBS) markets closed flat today remain at 102.97 having closed 77 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,...
01/21/2020
Did you know that Martin Luther King. Jr. was born with the first name Michael?  The famous civil rights leader was born in Atlanta, Georgia in 1929 and died at St. Joseph's Hospital in Memphis, Tennessee when he was just 39 years old.  He was shot by James Earl Ray who at the time was a fugitive...
01/20/2020
Mortgage backed securities (MBS) markets were closed today in observance of Martin Luther King Day and remain at 102.97 having closed 78 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 mi...
01/20/2020
A rash of better-than-expected economic data hit the wires this morning which is boosting the major U.S. stock indexes. December Retail Sales were strong signaling that the consumer continues to spend and drive the U.S. economic expansion. Weekly Initial Jobless Claims declined and remain at 50-y...
01/16/2020
Mortgage backed securities (MBS) closed flat today at 102.97 having closed 79 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, the Mid Atlant...
01/16/2020
Mortgage Rates edged lower in the latest week and remain just above historic lows. Low rates have been a tailwind for the housing sector and should continue throughout 2020. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell four basis points to 3.87%, the lo...
01/15/2020
Mortgage backed securities (MBS) closed down 3 basis points today at 102.97 having closed 80 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,...
01/15/2020
The December NFIB Small Business Optimism Index ended 2019 historically strong, with a reading of 102.7. The report went on to say that an increased number of small business owners reported better business conditions and expect higher nominal sales in the next three months. NFIB Chief Economist W...
01/14/2020
Mortgage backed securities (MBS) closed flat today at 103.00 having closed 83 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, the Mid Atlant...
01/14/2020
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