Jeff Jensen's Blog

Home borrowing costs increased in the MBA's latest survey hitting levels not seen since 2006. The 30-year fixed-rate mortgage rose to 6.75% from 6.23% with 0.95 points for the week ended September 30, 2022. Within the data, it showed that the Market Composite Index fell 14.2%, the Refinance Index...

Mortgage backed securities closed down 41 basis points today at 98.03 having closed 586 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 Mi...

The number of available jobs across the nation fell in August from July while the unemployment remains low. Also, Americans filing for first time jobless benefits are near historic lows. The Labor Department's Job Openings and Labor Turnover (JOLTS) survey showed there were 10.05 million jobs ava...

Mortgage backed securities closed up 19 basis points today at 98.44 having closed 550 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 ...

Manufacturing activity across the nation fell in September from August while a key inflation component fell for the sixth straight month. The ISM Manufacturing Index fell to 50.9 in September from the August read of 52.8 and below 52.2 expected. The inflation reading Prices Index registered 51.7,...

Mortgage backed securities closed up 87 basis points today at 98.25 having closed 574 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 ...

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...

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...

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 ...

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...