Jeff Jensen's Blog

 Mortgage rates hit fresh record lows in the latest week and continue to buoy the housing sector. The MBA reports that the 30-year fixed-rate mortgage fell from 2.90% to 2.85% with 0.33 in points in the week ending December 11, 2020. The MBA went on to report that the Market Composite Index rose ...

Mortgage backed securities (MBS) market closed flat today at 103.53 120 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 Atlantic or the Midwest or anyw...

Mortgage backed securities (MBS) market closed down 9 basis points at 103.53 122 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 Atlantic or the Midwes...

Mortgage backed securities (MBS) market closed down 9 basis points at 103.53 122 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 Atlantic or the Midwes...

Mortgage backed securities (MBS) market closed up 6 basis points today at 103.62having closed 133 points above support offered by 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 Eng...

Mortgage backed securities (MBS) market closed up 15 basis points today at 103.59having closed 142 points above support offered by 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 En...

Mortgage backed securities (MBS) market closed up 15 basis points today at 103.59having closed 142 points above support offered by 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 En...

Mortgage backed securities (MBS) market closed down 25 basis points today at 103.44 having closed 131 points above support offered by 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...

Mortgage backed securities (MBS) market closed down 25 basis points today at 103.44 having closed 131 points above support offered by 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...

 Home borrowing costs hit records lows in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.71% this week from 2.72% last week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.68%. Sam Khater, Fre...