Jeff Jensen's Blog

By
Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
 Home borrowing costs were unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage held steady at 2.73% with 0.7 in points and fees. A year ago at this time, the rate averaged 3.45%. Sam Khater, Freddie Mac’s Chief Economist. “This rate ...
02/04/2021
Mortgage backed securities closed up 3 basis point today at 103.06 having closed 19 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the Mid...
02/04/2021
 Inflation pressures rose in December as Fed members look for a general increase in prices and fall in the purchasing value of money. The Fed's favorite inflation gauge, the Core PCE, rose 1.5% annually in December, up from 1.4% in November and above the 1.3% expected. Monthly Core PCE was up 0.3...
01/29/2021
Mortgage backed securities (MBS) market closed down 3 basis points today at 103.25 having closed 41 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atl...
01/29/2021
Home prices continue to move higher due in part to the shift from urban apartments to suburban homes. The November S&P Case-Shiller 20-City Home Price Index saw an annual gain of 9.1% from November 2019. There was a 1% monthly increase from October to November. The National Index saw a 9.5% incre...
01/26/2021
Mortgage backed securities (MBS) market closed up 9 basis points today at 103.38 having closed 57 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlan...
01/26/2021
 The U.S. housing market continues to be a stronghold for the economy as positive data hit the airwaves. The National Association of REALTORS® (NAR) reports that Existing Home Sales in December rose 0.7% to an annual rate of 6.760,000 units, above the 6,500,000 expected. Sales were up 22% from De...
01/22/2021
Mortgage backed securities (MBS) market closed up 12 basis points today at 103.25having closed 46 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlan...
01/22/2021
 Mortgage rates remained at record lows in the latest survey but have inched higher in the latest survey. The MBA reports that the 30-year fixed-rate mortgage rose four basis points to 2.92% with 0.37 in points for the week ended January 15, 2021. The Market Composite Index, a measure of total mo...
01/20/2021
Mortgage backed securities (MBS) market closed up 16basis points today at 103.16 having closed 39 points above the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlan...
01/20/2021
Rainmaker
1,509,025

JeffJensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author