Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
A key manufacturing index fell well below recent levels while Goldman Sachs cuts its economic growth forecasts for 2022. The New York State Manufacturing Index fell to 11.6 this month from 24.60 in April and below the 17 expected. New orders declined, and shipments fell at the fastest pace since ...
05/16/2022
Mortgage backed securities were up 25 basis points today at 99.59 having closed 545 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or the...
05/16/2022
Mortgage backed securities were down 12 basis points today at 99.34 having closed 573 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
05/13/2022
Home borrowing costs inched higher last week and are up big from a year ago. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.30% this week from 5.27% last week with an average of 0.9 in points and fees. A year ago the rate was 2.94%. The 15-year fell to 4.48% from 4.52%, also w...
05/12/2022
Mortgage backed securities were up 25 basis points today at 99.50 having closed 561points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or the ...
05/12/2022
The New York Federal Reserve Bank reports that total household debt in the first quarter of 2022, increasing by $266 billion (1.7%) to $15.84 trillion. Balances now stand $1.7 trillion higher than at the end of 2019, before the COVID-19 pandemic. Mortgage balances rose by $250 billion in Q2 2022 ...
05/10/2022
Mortgage backed securities were up 22  basis points today at 99.44 having closed 575 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, the Mid Atlantic or the Mi...
05/10/2022
Mortgage backed securities were down 48 basis points today at 98.66 having closed 660 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, the Mid Atlantic or the M...
05/06/2022
Mortgage backed securities were down 47 basis points today at 99.12 havin59g closed 643 points below the 200 day moving average. The conforming rate is at 4.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or t...
05/05/2022
Mortgage rates finally paused last week from their torrid run higher since the beginning of the year. The 30-year fixed-rate mortgage rose was unchanged at 5.36% with 0.63 points for the week ended April 29, 2022, reports the MBA. Within the data it showed that the Market Composite Index, a measu...
05/04/2022
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Jeff Jensen

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