Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Home borrowing costs inched lower this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points to 2.99% with 0.7 in points and fees. The record low was 2.65% on January 7 of this year. Sam Khater, Freddie Mac’s Chief Economist said,...
10/08/2021
Mortgage backed securities closed down 25 basis points today at 99.75 having closed 156 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 3.00%. Whether in New England, the Mid Atlantic or the ...
10/08/2021
Home borrowing costs increased in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage rose four basis points to 3.14% with 0.34 in points for the week ending October 1, 2021. Within the report it showed that the Ma...
10/06/2021
Mortgage backed securities closed down 6 basis points today at 100.19 having closed 115 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 3.00%. Whether in New England, the Mid Atlantic or the ...
10/06/2021
Mortgage backed securities closed down 12 basis points today at 100.53 having closed 84 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 3.00%. Whether in New England, the Mid Atlantic or the ...
10/04/2021
Inflation pressures held steady in August after the recent surge in prices while consumer spending rose. The Federal Reserve's favorite inflation measure, the Core PCE, was unchanged monthly and annually up 0.3% and 3.6%, respectively. Within the numbers it showed that Personal Spending rose 0.8%...
10/01/2021
Mortgage backed securities closed up 31 basis points today at 101.66 having closed 83 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 3.00%. Whether in New England, the Mid Atlantic or the Mi...
10/01/2021
Mortgage backed securities closed down 22 basis points today at 101.22 having closed 77 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 2.875%. Whether in New England, the Mid Atlantic or the...
09/27/2021
The housing market received solid numbers in August. Housing Starts rose 4% in August from July to an annual rate of 1,615,000 units versus 1,560,000 expected. Housing Starts were up 17.4% year over year. However, single-family starts were down 2.8% monthly. Building Permits, a sign of future con...
09/21/2021
Mortgage backed securities closed down 6 basis points today at 101.00 having closed 52 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 2.875%. Whether in New England, the Mid Atlantic or the ...
09/21/2021
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