Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.59 having closed 99 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 En...
11/05/2020
Election day is underway here in the states as stocks surge and are following through on yesterday's gains. At the same time, bond yields are ticking higher with the 10-year yield rising to .88% and has been on a steady rise for the past month. There are no economic reports due for release today ...
11/03/2020
Mortgage backed securities (MBS) market closed down 3 basis points today at 104.22 having 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 ...
11/03/2020
This is one of the biggest news weeks ever, with the General Election tomorrow, followed by October ADP and the Fed meeting on Wednesday, and the October Jobs Report on Friday. Throw in the continued fears of the coronavirus and you have a recipe for volatility. Stocks are higher and are trying t...
11/02/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.25 having closed 74points 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 Eng...
11/02/2020
The U.S. consumer is alive and well as evidenced by strong spending numbers in September. Personal Spending surged by 1.4% in September, above the 1% expected and up from 1% in August. Incomes rose by 0.9%, also surpassing estimates. Retailers are hoping for a strong holiday season and it will de...
10/30/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 104.19 having closed 69 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 En...
10/30/2020
The Census Bureau reports that New Home Sales fell 3.5% in September from August to an annual rate of 959,000 units versus the 1,022,000 expected and down from 994,000 in August, which was revised from 1,011,000. However, sales soared 32% from a year ago. Inventories are at 3.6 months, below 6 mo...
10/26/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.19 having closed 79 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 En...
10/26/2020
The housing sector continues to be a beacon of light for the U.S. housing market which is being fueled by ultra-low rates as well as a shift from the cities to the suburbs. The U.S. Census Bureau and the Department of Housing and Urban Development reports that single-family starts jumped 8.5% mon...
10/20/2020
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