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 dowm 4 basis points today at 104.84 having closed 295points 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 3.75%. Whether in New E...
08/12/2020
The NFIB Small Business Optimism Index fell modestly in July and is now at its historical average of 99. The NFIB said that overall, 4 of the 10 Index components improved, 5 declined, and 1 was unchanged. "This summer has been challenging for many small business owners who are working hard to kee...
08/11/2020
Mortgage backed securities (MBS) market closed dowm 28basis points today at 105.06 having closed 318 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 3.75%. Whether in New ...
08/11/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 105.28 having closed 348 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 3.75%. Whether in New En...
08/07/2020
Americans filing for first-time unemployment benefits fell to their lowest level, albeit still at lofty levels, since the explosion in March. The Labor Department reports that Weekly Initial Jobless Claims rose by 1.1 million in the week ended August 1, versus the 1.4 million expected. It was the...
08/06/2020
Mortgage backed securities (MBS) market closed up 16 basis points today at 105.22 having closed 344 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 3.75%. Whether in New E...
08/06/2020
CoreLogic reports that home prices, including distressed sales, rose 4.9% year-over-year in June, up from the annual gain of 4.1% in May. Month over month, prices rose 1% from May 2020 to June 2020. Looking ahead, prices are expected to decline by 1%. Dr. Frank Nothaft of CoreLogic said, “Mortgag...
08/04/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 105.25 having closed 355 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 3.75%. Whether in New En...
08/04/2020
Mortgage rates continue to hover near record lows as the Federal Reserve holds rates low to spur on not only the housing sector but the overall economy also. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.99% with 0.8 in points and fees. Last year this time the rate was 3.75%....
07/30/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.97 having closed 336 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 3.75%. Whether in New En...
07/30/2020
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