Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Inflation, as measured by the Core PCE, rose to 1.8% annually in August from 1.7% in July, which was revised from 1.6%. The Core PCE is the Fed's favorite inflation gauge and has set a target range of 2.0%. It has been running below that level for some time. Month-over-month, Core PCE rose 0.1% v...
09/27/2019
Mortgage backed securities (MBS) closed up 9 basis points today at 102.47 having closed 123 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
09/27/2019
 Consumer spending surged in the second quarter of 2019 due in part to a strong labor market here in the US. The government released the final read on second quarter Gross Domestic Product today showing a 4.6% increase in consumer spending, the fastest pace since the fourth quarter of 2014. For t...
09/26/2019
Mortgage backed securities (MBS) closed up 9 basis points today at 102.38 having closed 122 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
09/26/2019
Low mortgage rates fueled sales of new single-family homes in August signaling a positive sign for the sector after strong Housing Starts and Existing Homes Sales in the past three weeks. August new home sales surged 7% from July to an annual rate of 713,000 versus the 659,000 expected. It was th...
09/25/2019
Mortgage backed securities (MBS) closed down 19 basis points today at 102.28 having closed 108 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Engla...
09/25/2019
Home price gains continued to slow in July and are way below the annual gains seen a year ago. The July S&P Case-Shiller 20-City Home Price Index rose 2% year-over-year, down from 2.2% in June. It was the slowest pace since 2012. The national index rose 3.2%, matching June's number. On a monthly ...
09/24/2019
Mortgage backed securities (MBS) closed up 3 basis points today at 102.47 having closed 128 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
09/24/2019
Foreclosure starts fell to their lowest level in 18 years while low interest rates have increased prepayments by 5% from July to August, a three-year high. There were 36,200 foreclosure starts in August, down 23% from August 2018. August’s prepayment rate was up 62% from the same time last year a...
09/23/2019
Mortgage backed securities (MBS) closed down 3 basis points today at 102.44 having closed 127 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Englan...
09/23/2019
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