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 (MBS) market closed dow 6 basis points today at 104.62 having closed 1905 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
09/21/2020
The housing sector continues to be a bright spot in the U.S. economy fueled by low rates and an improving labor market. The NAHB Housing Market Index shot to a record high this month of 83, eclipsing the previous high of 78 set in August. The index dates back to 1985. However, the NAHB said that ...
09/16/2020
Mortgage backed securities (MBS) market closed down 13 basis points today at 104.78 having closed 215 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
09/16/2020
The housing sector continues to be e bright spot in the U.S. economy. The MBA reports that mortgage applications for new home purchases in August jumped 33% from last year though down monthly by 4% percent from July 2020. Further details from the MBA showed that by product type, conventional loan...
09/15/2020
Mortgage backed securities (MBS) market closed down 9 basis points today at 104.91 having closed 231 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
09/15/2020
Americans filing for first-time unemployment benefits remained below the 1 million mark in the latest week though over 13 million remain unemployed - so there is "more wood to chop." Weekly Initial Jobless Claims were unchanged at 884,000 and down from the 6 million mark seen in late March. Hopef...
09/10/2020
Mortgage backed securities (MBS) market closed flat today at 105.16 having closed 264 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New England, the Mi...
09/10/2020
Mortgage lenders were chained to their desks during the second quarter of 2020 with the highest quarterly origination volume on record with nearly $1.1 trillion in first lien mortgages originated in the quarter. Black Knight also reported that refinance volumes were up over 60% from Q1 2020 and m...
09/09/2020
Mortgage backed securities (MBS) market closed down 12 basis points today at 105.16 having closed 267points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
09/09/2020
Mortgage rates remained at historically low levels this week and have been hovering near the lows for the past month. Freddie Mac reports that the 30-year fixed-rate mortgage inched higher to 2.93% this week with 0.8 in points and fees. A year ago the rate was 3.50%. Freddie Mac says that given t...
09/03/2020
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