Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
 The U.S. housing market continues to be a stronghold for the economy as positive data hit the airwaves. The National Association of REALTORS® (NAR) reports that Existing Home Sales in December rose 0.7% to an annual rate of 6.760,000 units, above the 6,500,000 expected. Sales were up 22% from De...
01/22/2021
Mortgage backed securities (MBS) market closed up 12 basis points today at 103.25having closed 46 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlan...
01/22/2021
 Mortgage rates remained at record lows in the latest survey but have inched higher in the latest survey. The MBA reports that the 30-year fixed-rate mortgage rose four basis points to 2.92% with 0.37 in points for the week ended January 15, 2021. The Market Composite Index, a measure of total mo...
01/20/2021
Mortgage backed securities (MBS) market closed up 16basis points today at 103.16 having closed 39 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlan...
01/20/2021
 Consumer spending fell in December as a rise in virus cases kept shoppers away from stores. Retail Sales fell 0.7% versus the 0.2% loss expected in December after losses seen in October and November. This comes after it was reported that 500,000 workers lost their jobs in restaurants and bars, h...
01/15/2021
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.00 having closed 26 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
01/15/2021
 Home borrowing costs spiked higher in the latest week but remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose 14 basis points to 2.79% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.65%. Sam Khater, Freddie Mac’s C...
01/14/2021
Mortgage backed securities (MBS) market closed down 16 basis points today at 102.78 having closed 5 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atl...
01/14/2021
 Home borrowing costs hit fresh record lows this week and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.65% this week with 0.7 in points and fees, the lowest since record-keeping began in 1971. A year ago at this time, the rate averaged 3....
01/11/2021
Mortgage backed securities (MBS) market closed down 34 basis points today at 102.72 having closed 1 point above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atla...
01/11/2021
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