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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2022 

Home borrowing costs continued to increase this week and hit their highest levels since May 2019. Freddie Mac reports that the 30-year fixed-rate mortgage jumped to 3.92% this week with 0.8 in points and fees. The record low was 2.65% on January 7, 2021. The 15-year rate averaged 3.15% with a 0.8...
02/17/2022
Mortgage backed securities up 38 basis points today at 100.41 having closed 349 points below the 200 day moving average. The conforming rate is at 3.25% 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 Midwest...
02/17/2022
Consumers opened their wallets and spent in January but higher prices for goods and services were seen across the board. January Retail Sales rose 3.8% monthly while annual sales were up nearly 13%. When stripping out autos, sales were up 3.8%. Online purchasing was a big factor in the numbers, w...
02/16/2022
Mortgage backed securities closed flat today at 100.03 having closed 389 points below the 200 day moving average. The conforming rate is at 3.25% 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 Midwest or any...
02/16/2022
CoreLogic reports that single-family annual rent growth ended 2021 at a new record. U.S. Single-family rents rose 12% year over year in December. Annual rent growth saw record highs for all price tiers. Rent growth in Miami saw an astounding 36% annual gain. In other housing news, the MBA reports...
02/15/2022
Mortgage backed securities closed 16 basis points today at 100.03 having closed 394 points below the 200 day moving average. The conforming rate is at 3.25% 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 Mid...
02/15/2022
Mortgage backed securities closed down 34 basis points today at 100.19 having closed 377 points below the 200 day moving average. The conforming rate is at 3.25% 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 th...
02/14/2022
i have written some reflections about love.  I hope you enjoy them and have a wonderful Valentines Day!An Ode to Love To love is the purest act a human can performIt is concerted and cognitive, both from the soul and the mindLove is pure and cannot be diminished.If one wishes to love, love shall ...
02/14/2022
Mortgage backed securities closed up 53 basis points today at 100.53  having closed 246 points below the 200 day moving average. The conforming rate is at 3.25% 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...
02/11/2022
Mortgage backed securities closed down 85 basis points today at 100.31  having closed 370 points below the 200 day moving average. The conforming rate is at 3.25% 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 t...
02/10/2022
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Jeff Jensen

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