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 down 12 basis points today at 103.19 having closed 258 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/25/2020
This morning the Federal Reserve announced it is now committed to "UNLIMITED Quantitative Easing" as it will purchase unlimited amounts of Treasury and Mortgage-Backed Securities, and purchase corporate and municipal debt for the first time, in a historic effort to battle the economic fallout and...
03/23/2020
Mortgage backed securities (MBS) market closed up 62 basis points today at 102.34 having closed 278 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
03/23/2020
The National Association of REALTORS reports that Existing Home Sales rose 6.5% in February from January and was the strongest reading since February 2007. Sales rose 7.2% from a year ago. The median price was $272,100, up 8% from February 2019. Inventories are at a low 3.1 months, well below 6 m...
03/20/2020
Mortgage backed securities (MBS) market closed up 184 basis points today at 101.72 having closed 219 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
03/20/2020
Did you know that Saint Patrick was actually born in Wales as Maewyn Succat?  As a boy he was sold as a slave and wound up as a shepherd in Ireland.  His father was a deacon in the church and St. Patrick not only retained his faith but it grew through the years.  He was eventually ordained with t...
03/17/2020
Mortgage backed securities (MBS) market closed down 25 basis points today at 102.00 having closed 250 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/17/2020
U.S. stocks are rebounding today after yesterday's steep plunge. Central bank action from around the globe is a major reason for stocks moving higher around the globe at the expense of bonds. The U.S. Fed has begun to inject $1.5T of liquidity into the system, along with stimulus measures from Ja...
03/13/2020
Mortgage backed securities (MBS) market closed up 4 basis points today at 100.41 having closed 95 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
03/13/2020
Mortgage rates continued to decline in the latest week as the coronavirus casts a cloud of uncertainty over the markets and investors rush into the safe-haven of the bond markets. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell 10 basis points to 3.47% with 0.27...
03/11/2020
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