Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Median home prices hit fresh record highs in the second quarter of 2019 as demand ramped up due in part to low mortgage rates. ATTOM Data Solutions reports that the single-family homes or condos sold for a median price of $266,000 in Q2 2019, up nearly 11% from the previous quarter and up 6.4% fr...
07/18/2019
Mortgage backed securities (MBS) closed up 13 basis points today at 102.41 having closed 239 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England,...
07/18/2019
For the second straight month, new home construction declined in the US due in part to builders unable to find inexpensive lots to build on, a lack of skilled workers and higher prices. The Commerce Department reports that housing starts fell 1% in June from May to an annual rate of 1.253 million...
07/17/2019
Mortgage backed securities (MBS) closed up 16 basis points today at 102.25 having closed 225 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England,...
07/17/2019
A solid labor market coupled with rising home prices has pushed the overall mortgage delinquency rate to its lowest in more than 20 years, reports CoreLogic. The 30 days or more delinquency rate for April was 3.6%, down from 4.3% in April 2018. In addition, no state posted an annual gain in its o...
07/16/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.09 having closed 211 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...
07/16/2019
The Dow Jones Industrial Average (27,332), S&P 500 (3,013) and NASDAQ (8,244) stock indexes all closed at record highs on Friday and are near unchanged this morning after positive economic news out of China along with solid quarterly earnings from Citigroup. Goldman Sachs, JPMorgan and Wells Farg...
07/15/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.12 having closed 216 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
07/15/2019
In recent years, potential homebuyers looking for a mortgage or those looking to refinance felt it took too long to close the deal once approved, but times have changed. LendingTree reports that the average time to close a purchase mortgage loan transaction is now 40 days, down from 74 days in 20...
07/12/2019
Mortgage backed securities (MBS) closed up 6 basis points today at 102.06 having closed 212 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
07/12/2019
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