Jeff Jensen's Blog

Wholesale inflation as defined by the Core Producer Price Index (PPI) for October came in at 1.5% year-over-year from 1.7% in September. The headline PPI fell to 1.1% annually from 1.4% in September, the smallest increase since October 2016. From September to October, PPI rose 0.4%, the most in s...

Mortgage backed securities (MBS) closed up 19 basis points today at 102.59 having closed 89 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, ...

Consumer inflation edged higher in October and was the largest gain since March, fueled by higher gas prices. The Consumer Price Index (CPI) rose 0.4% versus the 0.3% expected while the year-over-year number saw a 1.8% increase from 1.7% in September. Core CPI rose 0.2%, in line with estimates, w...

Mortgage backed securities (MBS) closed up 3 basis points today at 102.44 having closed 75 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, t...

Bonsd markets were closed today in remembrance of Veteran's Day.  Equity markets were open and the world's trader continued to ply there trades.  The silence of the exchanges, after the racous shouts and clamors of rambuncious traders, today is somehow more tranquil than other days.  It reminds m...

On the way home from dropping my wife at the airport in Westchester, I stopped to get my radio fuse replaced in my Jaguar.  On the way home, my Bernese Mountain dog Tucker and I were at last able to listen to the radio.  As we rode along, I had the pleasure of hearing President Trump address the ...

Redfin reports that the luxury housing market stabilized in the third quarter after a weak first half in 2019. The average sale price for luxury homes nationwide rose 0.3% year over year to $1.6 million in the third quarter of 2019. Despite the meager gain, it was the first time luxury prices did...

Mortgage backed securities (MBS) closed down 3 basis points today at 102.38 having closed 72 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,...

US stocks are trading at fresh record highs today on reports that the US and China are moving closer to a deal that would include rolling back tariffs ahead of the "Phase One" signing in the near future. In addition to the positive trade headlines, solid earnings and a strong labor market are als...

Mortgage backed securities (MBS) closed down 18 basis points today at 102.41 having closed 76 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...