Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
 Home borrowing costs hit fresh record lows this week and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.65% this week with 0.7 in points and fees, the lowest since record-keeping began in 1971. A year ago at this time, the rate averaged 3....
01/11/2021
Mortgage backed securities (MBS) market closed down 34 basis points today at 102.72 having closed 1 point 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 Atla...
01/11/2021
 Mortgage rates remained at record lows in the latest survey though they have inched higher in the first couple of business days in January. The MBA reports that the 30-year fixed-rate mortgage fell four basis to 2.86% with 0.32 in points. The Market Composite Index, a measure of total mortgage l...
01/06/2021
 Mortgage backed securities (MBS) market closed down 25 basis points today at 103.44 having closed 82 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 A...
01/06/2021
Mortgage backed securities (MBS) market closed down 25 basis points today at 103.69 having closed 110points 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 At...
01/05/2021
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I wish you all a happy, healthy and prosperous New Year!  I have included my New Year's poem below.  I hope you enjoy it and feel free to share it as you wish!A Year of Promise  Wonder and amazement aboundThrough the air rushes the soundChurch bells ring for all to hearAs heralds of the coming ne...
12/31/2020
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.94 having closed 141points 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 Atla...
12/31/2020
 The housing sector continues to produce solid gains due in part to the ultra-low rate environment. The October S&P Case-Shiller 20-City Index rose 7.9% annually, up from a gain of 6.6% in September. And where the numbers are somewhat backward-looking, the headlines garnered attention. The Nation...
12/29/2020
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.62 having closed 115 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 Atla...
12/29/2020
 Sales of new-single family houses fell in November from October due in part to affordability issues. The Census Bureau reports that New Home Sales fell 11% in November from October to an annual rate of 841,000 units. That is below the 990,000 expected. Sales were up nearly 21% from November 2019...
12/23/2020
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