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 housing sector continues to be an anchor for the U.S. economy fueled in part by low rates. October Housing Starts rose 5% from September to an annual rate of 1,530,000 versus the 1,445,000 expected. September's numbers were revised higher to 1,459,000 from 1,415,000. Starts were up 14% annual...
11/18/2020
We switched from the 2.50% coupont to the 2.00% coupon today so the numbers are subastanially different from yesterday's.  Mortgage backed securities (MBS) market closed down basis points today at 103.47 having closed 73 points above support offered by the 200 day moving average. The conforming r...
11/18/2020
The housing market continues to sparkle and has been an anchor for the U.S. economy since May when the country started to reopen for business. The NAHB Housing Market Index rose to a record high of 90 in November and above the 85 expected. The three major components of the report, current sales c...
11/17/2020
Mortgage backed securities (MBS) market closed up 12 basis points today at 104.56 having closed 82 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 2.875%. Whether in New E...
11/17/2020
Mortgage backed securities (MBS) market closed flat today at 104.31 having closed 61 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 2.875%. Whether in New England, the Mi...
11/13/2020
Home borrowing costs continue to hover near record lows in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage rose six basis points to 2.84% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.75%. Sa...
11/12/2020
Mortgage backed securities (MBS) market closed up 25 basis points today at 104.31 having closed 63 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 2.875%. Whether in New E...
11/12/2020
The housing sector continues to send positive vibes around the country and has been a work horse for the U.S. economy since May. Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) rose 0.7 points in October to 81.7, rising for the third straight month. Due to the pandemic-induced sh...
11/09/2020
Mortgage backed securities (MBS) market closed down 31 basis points today at 104.31having closed 67 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 2.875%. Whether in New ...
11/09/2020
Home borrowing costs hit a record low in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.78% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.69%. Sam Khater, Freddie Mac’s Chief Econo...
11/05/2020
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