Jeff Jensen's Blog

Mortgage rates surged in the MBA's latest survey and have been in a range the past few months. The 30-year fixed-rate mortgage rose to 5.80% from 5.65% with 0.71 points for the week ended August 19, 2022. Within the data, it showed that the Market Composite Index fell 3.7%, the Refinance Index lo...

M3ortgage backed securities were down 41 basis points today at 99.28 having closed 413 points below the 200 day moving average. The conforming rate is at 5.50% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid...

Fed Chair Powell spoke on Friday and sent a chill over the stocks markets with the Dow falling over 1,000 points. "While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," in Fed Chair P...

Mortgage backed securities were down 22 basis points today at 99.75 having closed 371points below the 200 day moving average. The conforming rate is at 5.50% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid A...

Mortgage backed securities were down 22 basis points today at 99.97 having closed 357 points below the 200 day moving average. The conforming rate is at 5.50% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid ...

Q2 2022 Gross Domestic Product 2nd read improved to -0.6% from the first read of -0.9%. There will be one more final reading, which will determine whether the U.S. had back-to-back quarters of negative growth or a recession. Currently, the Atlanta Fed GDPNow suggests a gain of 1.4% in Q3 and down...

Mortgage backed securities were up 47 basis points today at 100.19 having closed 338 points below the 200 day moving average. The conforming rate is at 5.50% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid A...

The housing market continues to revert back to more normal levels as rates rise and demand cools. The National Association of REALTORS reports that Pending Home Sales in July fell nearly 20% from a year ago and down 1.8% monthly from June. June saw an 8.9% loss. Sales have fallen 8 out of the nin...

Mortgage backed securities were down 19 basis points today at 99,72 having closed 389 points below the 200 day moving average. The conforming rate is at 5.50% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid ...

Mortgage backed securities were up 3 basis points today at 100.66 having closed 311 points below the 200 day moving average. The conforming rate is at 5.50% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid At...