Jeff Jensen's Blog

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

ARCHIVED BLOG POSTS

2022 

Mortgage backed securities were up 16 basis points today at 101.75 having closed 251 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...
07/29/2022
Mortgage backed securities were up 56 basis points today at 101.59 having closed 270 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...
07/28/2022
Mortgage rates fell in the MBA's latest survey with borrowing costs up 44% from a year ago. The 30-year fixed-rate mortgage fell to 5.74% from 5.82% with 0.61 points for the week ended July 22, 2022. Within the data it showed that the Market Composite Index, a measure of total mortgage applicatio...
07/27/2022
Mortgage backed securities were up 47 basis points today at 101.03 having closed 330 points below the 200 day moving average. The conforming rate is at 5.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.00% with no points!. Whether in New England, the Mid A...
07/27/2022
The U.S. Census Bureau reports that New Home Sales fell 8.1% from May to an annual rate of 590,000 units versus 660,000 expected. Sales 17.4% from June 2021. The median sales price of a new home rose 7.4% from a year earlier, to $402,400 but down from $457,000 seen in April. Sales fell in the Nor...
07/26/2022
Mortgage backed securities were down 19 basis points today at 100.56 having closed 381 points below the 200 day moving average. The conforming rate is at 5.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.00% with no points!. Whether in New England, the Mid...
07/26/2022
As the week kicks off, investors will be awaiting the two-day Fed meeting, Core PCE inflation data, the first read on Q2 Gross Domestic Product along with a boatload of Treasury supply are a few obstacles that the markets will be dealing with this week.Fed members will kick off their meeting on T...
07/25/2022
Mortgage backed securities were down 3basis points today at 100.78 having closed 362 points below the 200 day moving average. The conforming rate is at 5.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.00% with no points!. Whether in New England, the Mid A...
07/25/2022
Home borrowing costs rose this week but 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 rose to 5.54% this week from 5.51% last week with an average of 0.8 in points and fees. A year ago the rate was 2.78%. ...
07/22/2022
Mortgage backed securities were up 25 basis points today at 100.78 having closed 366 points below the 200 day moving average. The conforming rate is at 5.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 5.875%. Whether in New England, the Mid Atlantic or ...
07/22/2022
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Jeff Jensen

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