Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Construction on privately owned residential homes fell hard in July to the lowest reading since February 2021. July Housing Starts fell nearly 10% from July to an annual rate of 1.446 million units versus 1.540 million expected. Sales were down 18.4% from July 2021. Single-family starts fell 10.1...
08/16/2022
Mortgage backed securities were down 15 basis points today at 101.00 having closed 285 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...
08/16/2022
Fannie Mae reports that consumer sentiment toward housing is at the lowest level in a decade. The Fannie Mae Home Purchase Sentiment Index dell 2.0 points in July to 62.8, its lowest level since 2011 and well below the all-time high set in 2019. Surveyed consumers continue to express pessimism ab...
08/08/2022
Mortgage backed securities were up 31 basis points today at 101.19 having closed 287 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...
08/08/2022
Home borrowing costs fell this week and seem to be stabilizing after the surge in borrowing costs in the past 12 months. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 4.99% from 5.30% last week with an average of 0.8 in points and fees. A year ago the rate was 2.77%. The 15-yea...
08/04/2022
Mortgage backed securities were up 22basis points today at 101.66 having closed 247 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...
08/04/2022
Mortgage rates fell again in the MBA's latest survey though borrowing costs are up 44% from a year ago. The 30-year fixed-rate mortgage fell to 5.43% from 5.74% with 0.65 points for the week ended July 29, 2022. It was the largest one week drop since 2000. Within the data it showed that the Marke...
08/03/2022
Mortgage backed securities were down 38 basis points today at 101.44 having closed 272 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...
08/03/2022
Mortgage backed securities were down 82 basis points today at 101.06 having closed 314 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...
08/02/2022
The U.S. markets begin August on the quiet side after the huge July stock gains and a nice decline in bond yields. The closely watched S&P 500 saw a near 10% gain last month, its best monthly percentage rise since November 2020. This was due in part to solid earnings and the notion that the Fed m...
08/01/2022
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Jeff Jensen

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