Jeff Jensen's Blog

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 ...

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...

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...

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...

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...

Mortgage backed securities (MBS) closed down 15 basis points today at 102.50 having closed 150 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...

Job growth slowed a bit in August though the overall market is still in good shape. The Bureau of Labor Statistics reports that non-farm payrolls rose 130,000 last month, below the 171,000 expected while June and July were revised lower by a total of 20,000. Within the report, the unemployment ra...

Mortgage backed securities (MBS) closed down 3 basis points today at 102.62 having closed 174 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,...

Labor market news continued strong today with private payroll growth surpassing expectations in August. ADP Private Payrolls rose 195,000 last month, well above the 150,000 expected while July was revised lower to 142,000 from 156,000. It was the largest gain in four months. Within the numbers it...

Mortgage backed securities (MBS) closed down 18 basis points today at 102.66 having closed 174 points above support offered by the 200 day moving average. The conforming rate is at 3.375% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New Englan...