Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
 The National Association of REALTORS reports that Existing Homes Sales rose 0.6% in January from December to an annual rate of 6,690,000 annualized units. Sales were up nearly 24% from a year ago. Gains were seen in the Midwest and South, with declines in the Northeast and West. The median exist...
02/19/2021
Mortgage backed securities closed down 28 basis points today at 101.66 having closed 126 points below the 200 day moving average. The conforming rate is at 2.50% 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...
02/19/2021
 Home borrowing costs inched higher this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 2.81% from 2.73% with 0.7 in points and fees. A year ago at this time, the rate averaged 3.49%. Sam Khater, Freddie Mac’s Chief Economist, said, “R...
02/18/2021
Mortgage backed securities closed down 6 basis points today at 101.94 having closed 98 points below the 200 day moving average. The conforming rate is at 2.50% 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 ...
02/18/2021
 Mortgage rates remained at record lows in the latest survey but inched higher last week. The MBA reports that the 30-year fixed-rate mortgage rose two basis points to 2.98% with 0.37 in points for the week ended February 12, 2021. The Market Composite Index, a measure of total mortgage loan appl...
02/17/2021
Mortgage backed securities closed up 16 basis points today at 102.00 having closed 92 points below the 200 day moving average. The conforming rate is at 2.50% 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 M...
02/17/2021
 Home borrowing costs were unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage held steady at 2.73% with 0.7 in points and fees. A year ago at this time, the rate averaged 3.47%. Sam Khater, Freddie Mac’s Chief Economist. “New COVID-...
02/12/2021
Mortgage backed securities closed down 28 basis points today at 102.56 having closed 36 points below the 200 day moving average. The conforming rate is at 2.50% 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...
02/12/2021
 Home borrowing costs were unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage held steady at 2.73% with 0.7 in points and fees. A year ago at this time, the rate averaged 3.47%. Sam Khater, Freddie Mac’s Chief Economist. “New COVID-...
02/11/2021
Mortgage backed securities closed down 3 basis points today at 102.94 having closed 3 points above the 200 day moving average. The conforming rate is at 2.50% 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 M...
02/11/2021
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