Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Home borrowing costs fell in the latest week and remain at historically low levels. The MBA reports that the 30-year fixed-rate mortgage declined seven basis points to 3.20% with 0.36 in points for the week ended April 16, 2021. The Market Composite Index, a measure of total mortgage loan applica...
04/21/2021
Mortgage backed securities closed up 12 basis points today at 101.00 having closed 159 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
04/21/2021
Fannie Mae released its Economic & Housing Outlook for March revealing that the economic recovery kicks into high gear while the housing market faces continued tight supply. Fannie Mae is forecasting that Gross Domestic Product to rise by 6.8% in 2021 and 3% in 2022. Total annual home sales are e...
04/21/2021
Mortgage backed securities closed up 25 basis points today at 100..94 having closed 165 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or th...
04/20/2021
As the week kicks off, bonds are slightly lower in the absence of any geopolitical or economic headlines so far today while yields inch higher. The uptick in yields is also putting some pressure on stocks as the are lower and hover near record highs. There will be no Fed speak this week as the qu...
04/19/2021
Mortgage backed securities closed down 6 basis points today at 100.69 having closed 191 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or th...
04/19/2021
 Home borrowing costs fell for the first time in seven weeks and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage declined to 3.13% from 3.18% with 0.7 in points and fees. A year ago at this time, the rate was not much higher at 3.33%. It is up from 2.65...
04/08/2021
Mortgage backed securities closed up 31 basis points today at 100.56 having closed 209 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
04/08/2021
 Private payrolls surged in March as the labor market continues to improve as the remaining closed states reopen. The March ADP Private Payrolls report saw 517,000 new jobs created in the private sector, well above the 176,000 created in February. It was the largest gain since September. Nela Ric...
03/31/2021
Mortgage backed securities closed down 12 basis points today at 99.66 having closed 305 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or th...
03/31/2021
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