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 rates continued to push higher this week and are now double what was seen a year ago. Freddie Mac reports that the 30-year fixed rate mortgage rose to 6.70% this week from 6.29% last week with 0.9 in points and fees. A year ago the rate was 3.01%. The 15-year rose to 5.96% from 5.44% las...
09/30/2022
Mortgage backed securities closed down 25basis points today at 97.25 having closed 780 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid...
09/30/2022
Mortgage backed securities closed up 66 basis points today at 97.19 having closed 702 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid ...
09/27/2022
Mortgage backed securities closed down 156 basis points today at 96.53 having closed 774 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the M...
09/26/2022
Mortgage backed securities closed down 3 basis points today at 98.09 having closed 624 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid...
09/23/2022
Mortgage backed securities closed down 112 basis points today having closed 627 points below the 200 day moving average. The conforming rate is at 6.375% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.75% with no points!. Whether in New England, the Mid Atlant...
09/22/2022
Mortgage backed securities were flat today at 97.78aving closed 514 points below the 200 day moving average. The conforming rate is at 5.75% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.25% with no points!. Whether in New England, the Mid Atlantic or the Mid...
09/16/2022
After yesterday's hot CPI report that led to a crash in the stock markets, a fall in Mortgage Bond prices and a rise in yields, this morning's lower year-over-year headline and core wholesale inflation data, PPI, have provided a bounce in bond prices. August PPI fell 0.1%, inline and up from -0.4...
09/14/2022
Mortgage backed securities were up 3 basis points today at 98.19 having closed 483 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 Atl...
09/14/2022
Consumer prices remained near multi-decade highs which is putting a heavy burden on U.S. households. The August Consumer Price Index (CPI) rose 0.1% from unchanged in July and above the -0.1% expected. The year-over-year number was up 8.3% versus 8.1% expected though down from 8.5% in July. The m...
09/13/2022
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Jeff Jensen

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