Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2022 

Mortgage backed securities closed up 34 basis points today at 102.00 having closed 216 points below the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the ...
01/27/2022
Sales of new single-family homes rose in December from November on the notion that with higher rates forecasted in 2022, potential homebuyers were out ahead of the possible increase in borrowing costs. New Home Sales rose 12% in December from November to an annual rate of 811,000 versus 760,000 e...
01/26/2022
Mortgage backed securities closed down 62 basis points today at 101.66 having closed 252 points below the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or th...
01/26/2022
Mortgage backed securities closed 12 up basis points today at 102.22 having closed 198 points below the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the ...
01/24/2022
Low inventories continue to be thorn in the side of potential home buyers across the nation, while mortgage rates continue to increase. December Existing Home Sales fell 4.6% from November to an annual rate of 6.18 million annualized units versus the 6.44 million expected. Last year, sales of exi...
01/20/2022
Mortgage backed securities closed 25 up basis points today at 97.19 having closed 328 points below the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
01/20/2022
Mortgage backed securities closed 25 up basis points today at 96.94 having closed 354 points below the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
01/19/2022
The Empire Manufacturing Index, which highlights manufacturing activity in the New York region, came in at -0.70, down sharply from 31.9 in December and well beneath expectations of 25.5. Within the report, demand for goods waned. The New Orders index was -5, down big from 27.1 in December. Most ...
01/18/2022
Mortgage backed securities closed down 72 up basis points today at 96.66 having closed 384 points below the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or ...
01/18/2022
Home borrowing costs rose to near levels seen in late March of 2020 (3.50%) this week though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 23 basis points to 3.45% with 0.7 in points and fees. The record low was 2.65% on January 7, 2021. Sam Khater, F...
01/13/2022
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Jeff Jensen

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