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 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
 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 four basis points to 2.96% with 0.36 in points for the week ended February 5, 2021. The Market Composite Index, a measure of total mortgage loan appl...
02/10/2021
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...
02/10/2021
 The NFIB (National Federation of Independent Business) reports that small business optimism dropped further below the historical index average of 98 in January to 95. On the prospects of a $15 minimum wage, Jeff Brabant, NFIB Manager of Federal Government Relations said, "Unlike big businesses, ...
02/09/2021
Mortgage backed securities closed up 9 basis points today at 103.12 having closed 22 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 Mi...
02/09/2021
 The housing sector continues to be a bright light for the U.S. economy due in part to ultra-low rates. Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) rose by 3.7 points to 77.7 in January from December. The GSE (government-sponsored-entity) said that consumers reported a signif...
02/08/2021
Mortgage backed securities closed flat today at 103.03 having closed 14 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 Midwest or anyw...
02/08/2021
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