Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2021 

Mortgage backed securities closed up 13 basis points today at 99.69 having closed 91 points below 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 3.00%. Whether in New England, the Mid Atlantic or the Mid...
12/27/2021
Mortgage backed securities closed down 25 basis points today at 99.53 having closed 109 points below 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 3.00%. Whether in New England, the Mid Atlantic or the ...
12/21/2021
I know many of you across the country either never see snow or have not had any thus far since last winter.  We here in Connecticut did recently have our first snow.  In commemoration of that event, I am sharing my first snow poem below.A White Celebration From the silent sky it began to fallCasc...
12/20/2021
Mortgage backed securities closed flat today at 99.78 having closed 84 points below 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 3.00%. Whether in New England, the Mid Atlantic or the Midwest or anywhe...
12/20/2021
Home borrowing costs are essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose two basis points to 3.12% with 0.6 in points and fees. The record low was 2.65% on January 7 of this year. Sam Khater, Freddie Mac's Chief Ec...
12/16/2021
Mortgage backed securities closed up 28 basis points today at 99.84 having closed 79 points below 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 3.00%. Whether in New England, the Mid Atlantic or the Mid...
12/16/2021
Home borrowing costs were unchanged in the latest week and remain just above historic lows. The MBA reports that that the 30-year fixed-rate mortgage stands at 3.30% with 0.39 in points. Within the report it showed that the Market Composite Index fell 4%, the Refinance Index decreased 6% while th...
12/15/2021
Mortgage backed securities closed down 16 basis points today at 99.56 having closed 127 points below 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 3.00%. Whether in New England, the Mid Atlantic or the ...
12/15/2021
November CPI +0.8% from +0.9% in October and above the +0.7% expected. Year over year +6.8% from +6.2%, highest since June 1982. Core CPI +0.5%, inline and down from +0.6% in October, +4.9% annually, highest since June 1991. 10-yr yield 1.49%. Mortgage Bonds improving. Stock futures add to gains....
12/10/2021
Mortgage backed securities closed up 9 basis points today at 99.56 having closed 110 points below 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 3.00%. Whether in New England, the Mid Atlantic or the Mid...
12/10/2021
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Jeff Jensen

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