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 closed up 9 basis points today at 101.56 having closed 45 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the Mi...
07/07/2021
Americans took the skies over the long holiday weekend with numbers not seen since before the shutdowns began in March 2020. The TSA says it screened nearly 2.2 million people nationwide on Friday, July 2 - the highest number since the start of the pandemic. That was also higher than the checkpoi...
07/06/2021
Mortgage backed securities closed up 35 basis points today at 101.47 having closed 55 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
07/06/2021
The Bureau of Labor Statistics reports that there were 850,000 jobs created in June, above the 725,000 expected, while May was revised higher to 583,000 from 559,000. Here are some of the other details within the report. The Unemployment Rate ticked up to 5.9% from 5.7% while the U6 number, or to...
07/02/2021
Mortgage backed securities closed up 19 basis points today at 101.19 having closed 84 points below the 200 day moving average. The conforming rate is at 2.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the ...
07/02/2021
The jobs market continues to get back on solid footing after the shutdowns decimated the sector. ADP Private Payrolls will be released on Wednesday where it is expected that 400,000 jobs were created. The government's Jobs Report on Friday where it is expected that there were 680,000 new jobs in ...
06/28/2021
Mortgage backed securities closed up 31 basis points today at 100.94 having closed 113 points below the 200 day moving average. The conforming rate is at 2.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
06/28/2021
Home borrowing costs jumped this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 3.02% this week from 2.93% last week with 0.7 in points and fees. A year ago at this time, the rate was 3.13%. It is up from 2.65% on January 7 of this yea...
06/24/2021
Mortgage backed securities closed down 3 basis points today at 100.75 having closed 135 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
06/24/2021
A lack of supply coupled with higher prices cooled sales of single-family homes in May though demand continues to be strong for the overall housing market. May New Home Sales fell nearly 6% from April to an annualized rate of 769,000 units, the lowest pace in a year. Sales were up 9.2% from a yea...
06/23/2021
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Jeff Jensen

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