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 loan rates edged lower last week but have inched higher this week and remain at historically attractive levels. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell seven basis points to 3.98% in the week ending November 1, 2019. That rate does carry 0.37 ...
11/06/2019
Mortgage backed securities (MBS) closed up 9 basis points today at 102.53 having closed 90 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...
11/06/2019
The service sector of the US economy continues to be a bright spot in the US economy. The Institute for Supply Management (ISM) reports that economic activity in the non-manufacturing sector grew for the 117th consecutive month, said the nation's purchasing and supply executives. The ISM Service ...
11/05/2019
Mortgage backed securities (MBS) closed down 22 basis points today at 102.44 having closed 82 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...
11/05/2019
Freddie Mac released the Economic & Housing Research Forecast late last week revealing that the housing market remains strong while an economic slowdown looms. Freddie Mac forecasts that 30-year mortgage rates will be 3.7% for the remainder of 2019 and will inch higher to 3.8% in 2020. Also, home...
11/04/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.62 having closed 102 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...
11/04/2019
Economic growth in the third quarter of this year increased more than expected due in part to continued strength in consumer spending. The Bureau of Economic Analysis reports that Gross Domestic Product (GDP) rose 1.9%, above the 1.5% expected and near the 2% reported in the second quarter. The c...
10/30/2019
Mortgage backed securities (MBS) closed up 16 basis points today at 102.50 having closed 92 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, ...
10/30/2019
The Conference Board reported on Tuesday that its consumer confidence index slipped to 125.9 this month from the September reading of 126.3 and below the 127.5 expected. Concerns over business conditions and job prospects weighed on the index. The Present Situation Index – based on consumers’ ass...
10/29/2019
Mortgage backed securities (MBS) closed up 3 basis points today at 102.34 having closed 79 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...
10/29/2019
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