Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Bonsd markets were closed today in remembrance of Veteran's Day.  Equity markets were open and the world's trader continued to ply there trades.  The silence of the exchanges, after the racous shouts and clamors of rambuncious traders, today is somehow more tranquil than other days.  It reminds m...
11/12/2019
On the way home from dropping my wife at the airport in Westchester, I stopped to get my radio fuse replaced in my Jaguar.  On the way home, my Bernese Mountain dog Tucker and I were at last able to listen to the radio.  As we rode along, I had the pleasure of hearing President Trump address the ...
11/11/2019
Redfin reports that the luxury housing market stabilized in the third quarter after a weak first half in 2019. The average sale price for luxury homes nationwide rose 0.3% year over year to $1.6 million in the third quarter of 2019. Despite the meager gain, it was the first time luxury prices did...
11/08/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.38 having closed 72 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,...
11/08/2019
US stocks are trading at fresh record highs today on reports that the US and China are moving closer to a deal that would include rolling back tariffs ahead of the "Phase One" signing in the near future. In addition to the positive trade headlines, solid earnings and a strong labor market are als...
11/07/2019
Mortgage backed securities (MBS) closed down 18 basis points today at 102.41 having closed 76 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...
11/07/2019
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
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