Jeff Jensen's Blog

By
Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
The housing market continues to shine in an otherwise down economy due to the pandemic induced shutdown that took place at the end of March through early May across the nation. Housing prices continue to rise as low rates and supply crunch lift prices. The Radian Home Price Index shows that home ...
07/20/2020
Mortgage backed securities (MBS) market closed up 3  basis points today at 104.41 having closed 303 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...
07/20/2020
The housing sector has rebounded from the brief dip it took during the pandemic induced shutdown. June Housing Starts jumped 17% from May to an annual rate of 1,186,000 units versus the 1,180,000 expected. Starts are down 4% from last year which is attributed to the declines seen during the shutd...
07/17/2020
Mortgage backed securities (MBS) market closed down 12  basis points today at 104.38 having closed 299 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 Ne...
07/17/2020
Positive news was delivered from the small business sector of the economy after the pandemic induced shutdown severely cut into sales while many employees were laid off. The NFIB Small Business Optimism Index rose 6.2 points to 100.6 after the sharp declines seen in March an April. Owners anticip...
07/14/2020
Mortgage backed securities (MBS) market closed up 6 basis points today at 104.47 having closed 312 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...
07/14/2020
As the economy continues to reopen and Americans slowly returning to work, the housing sector has picked up some steam. In the forbearance sector, filings continued to decline in the latest numbers Black Knight reports that there were 4.14 million homeowners in active forbearance or 7.8% of all a...
07/13/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.41 having closed 312 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...
07/13/2020
Mortgage rates continued to hit record lows in the latest survey which is spurring on homebuyer demand. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 3.03% with 0.8 in points and fees. A year ago, the rate was 3.75%. Freddie Mac said that 'the summer is heating up as record-low...
07/10/2020
Mortgage backed securities (MBS) market closed down 10 basis points today at 104.56 having closed 329 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...
07/10/2020
Rainmaker
1,463,314

Jeff Jensen

Ask me a question
*
*
*
*