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 6 basis points today at 101.19 having closed 130 points below the 200 day moving average. The conforming rate is at 2.750% 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 ...
05/06/2021
Home borrowing costs were essentially unchanged in the latest week and remain at historically low levels. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage rose to 3.18% from 3.17% with 0.34 in points for the week ended April 30, 2021. The Market Composite Index, a mea...
05/05/2021
Mortgage backed securities closed up 12 basis points today at 101.12 having closed 138 points below the 200 day moving average. The conforming rate is at 2.750% 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...
05/05/2021
Pent-up demand, low rates and tight inventories sent home prices considerably higher in March as the sector continues to shine. CoreLogic reports that home prices, including distressed sales, rose 11.3% year over year in March and were up 2% monthly from February to March. The 11.3% increase was ...
05/04/2021
Mortgage backed securities closed up flat today at 101.00 having closed 150 points below the 200 day moving average. The conforming rate is at 2.750% 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...
05/04/2021
Home borrowing costs fell in the latest week and remain at historically low levels. The MBA reports that the 30-year fixed-rate mortgage declined seven basis points to 3.20% with 0.36 in points for the week ended April 16, 2021. The Market Composite Index, a measure of total mortgage loan applica...
04/21/2021
Mortgage backed securities closed up 12 basis points today at 101.00 having closed 159 points below the 200 day moving average. The conforming rate is at 2.750% 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...
04/21/2021
Fannie Mae released its Economic & Housing Outlook for March revealing that the economic recovery kicks into high gear while the housing market faces continued tight supply. Fannie Mae is forecasting that Gross Domestic Product to rise by 6.8% in 2021 and 3% in 2022. Total annual home sales are e...
04/21/2021
Mortgage backed securities closed up 25 basis points today at 100..94 having closed 165 points below the 200 day moving average. The conforming rate is at 2.750% 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 th...
04/20/2021
As the week kicks off, bonds are slightly lower in the absence of any geopolitical or economic headlines so far today while yields inch higher. The uptick in yields is also putting some pressure on stocks as the are lower and hover near record highs. There will be no Fed speak this week as the qu...
04/19/2021
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