Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Home borrowing costs rose to near levels seen in late March of 2020 (3.50%) this week though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 23 basis points to 3.45% with 0.7 in points and fees. The record low was 2.65% on January 7, 2021. Sam Khater, F...
01/13/2022
Mortgage backed securities closed down 22 up basis points today at 97.94 having closed 258 points below the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or...
01/13/2022
Annual consumer inflation rose to the highest level in 40 years fueled by a spike in gas prices. The meteoric rise in prices was also due to the current supply chain shortage, a lack of workers along with big money flowing through the economy from Congress as well as the Federal Reserve. The Cons...
01/12/2022
Mortgage backed securities closed down 9 basis points today at 97.75 having closed 288 points below the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
01/12/2022
Mortgage backed securities closed down 6 basis points today at 97.88 having closed 267 points below the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
01/10/2022
Home borrowing costs rose to near levels seen in April of 2021 this week and remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 11 basis points to 3.22 with 0.7 in points and fees. The record low was 2.65% on January 7, 2021. Sam Khater, Freddie Mac's Chief Eco...
01/06/2022
Mortgage backed securities closed down 25 basis points today at 98.31 having closed 226 points below the 200 day moving average. The conforming rate is at 3.00% 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 ...
01/06/2022
Mortgage backed securities closed down 47 basis points today at 98.56 having closed 202 points below the 200 day moving average. The conforming rate is at 3.00% 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 ...
01/05/2022
The U.S. financial markets begin the new year with stocks hovering near all-time highs while Treasury yields remain relatively low. This week features Wednesday's release of the December Fed minutes, which could give the markets more insight on rates, tapering and reinvestment of portfolio runoff...
01/03/2022
Mortgage backed securities closed down 63 basis points today at 99.06p having closed 153 points below the 200 day moving average. The conforming rate is at 3.00% 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...
01/03/2022
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Jeff Jensen

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