Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Taper talk has escalated ahead of next week's Jackson Hole Symposium. The Federal Reserve is currently purchasing up to $4.5 billion per day in Mortgage Backed Securities to hold rates low. Last week several Fed members expressed that taper talk, or cutting back on those purchases, should begin a...
08/16/2021
Mortgage backed securities closed flat today at 101.34 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 3.00%. Whether in New England, the Mid Atlantic or the Midwest or anywh...
08/16/2021
Mortgage backed securities closed up 28 basis points today at 101.31 having closed 49 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...
08/13/2021
Home borrowing costs rose this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage jumped ten basis points to 2.87% 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, “Afte...
08/12/2021
Mortgage backed securities closed down 6 basis points today at 101.03 having closed 78 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 M...
08/12/2021
Home borrowing costs inched higher in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage rose two basis points to 2.99% with 0.30 in points for the week ending August 6, 2021. Within the report it showed that the ...
08/11/2021
Mortgage backed securities closed up 22 basis points today at 101.06 having closed 76 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...
08/11/2021
The number of jobs available across the U.S. continued to surge in June as many would-be workers could have either retired or are still receiving enhanced unemployment benefits. The number of job openings increased to a series high of 10.1 million on the last business day of June, the U.S. Bureau...
08/09/2021
Mortgage backed securities closed down 22 basis points today at 101.16 having closed 68 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 ...
08/09/2021
The labor market got a much-needed shot in the arm in July as employers went on a hiring spree. The Bureau of Labor Statistics reports that there were 943,000 jobs created in July while May and June were revised higher by 119K. The numbers showed that the Unemployment Rate fell to 5.4%, while wag...
08/06/2021
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