Jeff Jensen's Blog

Mortgage backed securities closed down 59 basis points today at 95.12 having closed 815 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mi...

Mortgage backed securities closed down 81 basis points today at 9.72 having closed 762 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid...

Mortgage backed securities closed up 22 basis points today at 96.36 having closed 708 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid ...

Home borrowing costs continued their trek higher in the MBA's latest survey hitting levels not seen since 2006. The 30-year fixed-rate mortgage rose to 6.81% from 6.75% with 0.97 points for the week ended October 7, 2022. Within the data, it showed that the Market Composite Index fell 2%, the Ref...

Mortgage backed securities closed up 10 basis points today at 96.66 having closed 699 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid ...

Mortgage credit availability declined in September to the lowest levels seen since March 2013. The MBA's mortgage credit availability index (MCAI) fell by 5.4% to 102.5 in September. A decline in the index indicates that lending standards are tightening, while increases are indicative of loosenin...

Mortgage backed securities closed down 41 basis points today at 96.72 having closed 699 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mi...

Mortgage backed securities closed down 28 basis points today at 97.12 having closed 665 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mi...

Mortgage rates eased this week and are double what they were last year. Freddie Mac reports that the 30-year fixed-rate mortgage inched lower to 6.66% from 6.70% with an average of 0.8 in points and fees. A year ago the rate was 2.99%. The 15-year fell to 5.90% from 5.96% with 1 point. A year ago...

Mortgage backed securities closed down 62basis points today at 97.41 having closed 642 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid...