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) closed flat today at 102.25 having closed 117 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mid Atlant...
09/17/2019
Foreclosure activity increased month-over-month from July to August but declined from a year ago. ATTOM Data Solutions reports that that lenders started the foreclosure process for the first time on 27,886 property owners in August, up 7% from July though down 15% from a year ago. Across the nati...
09/16/2019
Mortgage backed securities (MBS) closed up 13 basis points today at 102.22 having closed 116 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
09/16/2019
After suffering big losses in August due to negative trade headlines, US stock markets have reversed in September and are now just below the all-time highs seen in late July. Easing fears of an impending recession coupled with now-positive trade headlines have lifted the Dow, S&P, and NASDAQ. The...
09/13/2019
Mortgage backed securities (MBS) closed down 2 basis points today at 102.09 having closed 104 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England,...
09/13/2019
Inflation at the consumer level remained contained in August due in part to a decline in the cost of gasoline and other energy products. The Consumer Price Index (CPI) rose by a meager 0.1% last month, down from the 0.3% increase in July. When stripping out volatile food and energy, the Core CPI ...
09/12/2019
Mortgage backed securities (MBS) closed down 12 basis points today at 102.38 having closed 136 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...
09/12/2019
Fannie Mae reports that sentiment in the housing market hit a survey high in August due in part to a very favorable mortgage rate outlook. The Fannie Mae Home Purchase Sentiment Index (HPSI) rose to 93.8 last month, a fresh survey high. Within the report, there was a big increase in the "mortgage...
09/10/2019
Mortgage backed securities (MBS) closed down 12 basis points today at 102.31 having closed 134 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...
09/10/2019
Low mortgage rates have pushed the number of homeowners eligible for refinancing to record highs in July. Black Knight reports that there are 11.7 high quality borrowers who are refinance eligible across the nation, the highest since record tracking began in 2000. Refi-eligible means those who ca...
09/09/2019
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