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 fell to their lowest level, albeit still at lofty levels, since the explosion in March. The Labor Department reports that Weekly Initial Jobless Claims rose by 1.1 million in the week ended August 1, versus the 1.4 million expected. It was the...
08/06/2020
Mortgage backed securities (MBS) market closed up 16 basis points today at 105.22 having closed 344 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 E...
08/06/2020
CoreLogic reports that home prices, including distressed sales, rose 4.9% year-over-year in June, up from the annual gain of 4.1% in May. Month over month, prices rose 1% from May 2020 to June 2020. Looking ahead, prices are expected to decline by 1%. Dr. Frank Nothaft of CoreLogic said, “Mortgag...
08/04/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 105.25 having closed 355 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 En...
08/04/2020
Mortgage rates continue to hover near record lows as the Federal Reserve holds rates low to spur on not only the housing sector but the overall economy also. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.99% with 0.8 in points and fees. Last year this time the rate was 3.75%....
07/30/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.97 having closed 336 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 En...
07/30/2020
Mortgage rates remained near all-time lows in the latest week as the Federal Reserve continues to hold borrowing costs low to spur on economic activity. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage was unchanged at 3.20% with 0.37 in points for the week endi...
07/29/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 104.91 having closed 333 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 E...
07/29/2020
Economic data is plentiful this week with Durable Orders easily beating expectations in June as data continues to roll in on the positive side. In addition, housing, consumer confidence and sentiment, the inflation reading Core PCE and consumer spending will be released. All eyes will be glued to...
07/27/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 104.53 having closed 300 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 En...
07/27/2020
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