Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Americans filing for first-time unemployment benefits continued to run stubbornly high in the latest week. Weekly Initial Jobless Claims came in at 870,000 for the week ended September 19, above the 825,000 expected and above the 866,000 in the previous week. Continuing claims, which measures tho...
09/25/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 104.81 having closed 197 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.25%. Whether in New E...
09/25/2020
U.S. stock markets are plunging as the week kicks off due in part to fears of a second wave of the coronavirus this fall, political uncertainty along with no stimulus deal yet reached in Congress. The Dow Jones Industrial Average has been down over 800 points in early trading. Several big global ...
09/21/2020
Mortgage backed securities (MBS) market closed dow 6 basis points today at 104.62 having closed 1905 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
09/21/2020
The housing sector continues to be a bright spot in the U.S. economy fueled by low rates and an improving labor market. The NAHB Housing Market Index shot to a record high this month of 83, eclipsing the previous high of 78 set in August. The index dates back to 1985. However, the NAHB said that ...
09/16/2020
Mortgage backed securities (MBS) market closed down 13 basis points today at 104.78 having closed 215 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
09/16/2020
The housing sector continues to be e bright spot in the U.S. economy. The MBA reports that mortgage applications for new home purchases in August jumped 33% from last year though down monthly by 4% percent from July 2020. Further details from the MBA showed that by product type, conventional loan...
09/15/2020
Mortgage backed securities (MBS) market closed down 9 basis points today at 104.91 having closed 231 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
09/15/2020
Americans filing for first-time unemployment benefits remained below the 1 million mark in the latest week though over 13 million remain unemployed - so there is "more wood to chop." Weekly Initial Jobless Claims were unchanged at 884,000 and down from the 6 million mark seen in late March. Hopef...
09/10/2020
Mortgage backed securities (MBS) market closed flat today at 105.16 having closed 264 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mi...
09/10/2020
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Jeff Jensen

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