Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2022 

Home prices continued to increase in the latest of many monthly surveys due in part to low inventories of homes for sale on the market. The January S&P Case-Shiller 20-City Home Price Index rose 19.1% from January 202, up monthly from December 2021 to January 2022 by 1.4%. The National Index incr...
03/29/2022
Mortgage backed securities up 50 basis points today at 101.88 having closed 426 points below the 200 day moving average. The conforming rate is at 3.75r% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic or the Midwe...
03/29/2022
Consumers aren't feeling that giddy across the nation given that extreme inflation has set in. More consumers mentioned reduced living standards due to rising inflation than any other time except during the two worst recessions in the past fifty years. The Consumer Sentiment index fell to a fresh...
03/25/2022
Mortgage backed securities down 81 basis points today at 96.75 having closed 653 points below the 200 day moving average. The conforming rate is at 3.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.755%. Whether in New England, the Mid Atlantic or the Midw...
03/25/2022
Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.42% from 4.16% last week with an average of 0.8 in points and fees. The 15-year rose to 3.63% from 3.39%, also with a 0.8 point. Sam Khater, Freddie Mac’s Chi...
03/24/2022
Mortgage backed securities down 56 basis points today at 97.56 having closed 576 points below the 200 day moving average. The conforming rate is at 3.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.755%. Whether in New England, the Mid Atlantic or the Midw...
03/24/2022
Low inventories coupled with higher mortgage rates weighed on new home purchase applications in February, reports the Mortgage Bankers Association (MBA). The MBA's Builder Application Survey revealed that mortgage applications for new home purchases fell 3.9% from a year ago, down 1% monthly from...
03/22/2022
Mortgage backed securities down 43 basis points today at 97.66 having closed 572 points below the 200 day moving average. The conforming rate is at 3.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.755%. Whether in New England, the Mid Atlantic or the Midw...
03/22/2022
February Housing Starts rose 6.8% from January to an annual rate of 1.769 million units versus the 1.690 million expected and were up 22% year over year. Total starts rose in the Northeast, Midwest and South while declining in the West. Single-family starts were up 5.7% monthly and up 13.7% year ...
03/17/2022
Mortgage backed securities up 34 basis points today at 98.81 having closed 467 points below the 200 day moving average. The conforming rate is at 3.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.755%. Whether in New England, the Mid Atlantic or the Midwes...
03/17/2022
Rainmaker
1,608,169

Jeff Jensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author