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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
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
The New York Fed released its Survey of Consumer Expectations for February revealing that consumer spending growth expectations spiked, while inflation expectations edge back up. The findings show that median one-year-ahead inflation expectations increased to 6.0% in February from 5.8% in January...
03/14/2022
Mortgage backed securities down 88 basis points today at 98.72 having closed 484 points below the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.625%. Whether in New England, the Mid Atlantic or the Midwes...
03/14/2022
After a brief pause and slip last week, mortgage rates rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose nine basis points to 3.85% with 0.8 in points and fees. The 15-year rose to 3.09% from 3.01% also with 0.8 in points and fees. "O...
03/10/2022
Mortgage backed securities down 22 basis points today at 100.00having closed 362 points below the 200 day moving average. The conforming rate is at 3.375% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.50%. Whether in New England, the Mid Atlantic or the Midwes...
03/10/2022
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Jeff Jensen

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