Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Home borrowing costs fell this week and 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 fell to 4.99% from 5.30% last week with an average of 0.8 in points and fees. A year ago the rate was 2.77%. The 15-yea...
08/04/2022
Mortgage backed securities were up 22basis points today at 101.66 having closed 247 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 At...
08/04/2022
Mortgage rates fell again in the MBA's latest survey though borrowing costs are up 44% from a year ago. The 30-year fixed-rate mortgage fell to 5.43% from 5.74% with 0.65 points for the week ended July 29, 2022. It was the largest one week drop since 2000. Within the data it showed that the Marke...
08/03/2022
Mortgage backed securities were down 38 basis points today at 101.44 having closed 272 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...
08/03/2022
Mortgage backed securities were down 82 basis points today at 101.06 having closed 314 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...
08/02/2022
The U.S. markets begin August on the quiet side after the huge July stock gains and a nice decline in bond yields. The closely watched S&P 500 saw a near 10% gain last month, its best monthly percentage rise since November 2020. This was due in part to solid earnings and the notion that the Fed m...
08/01/2022
Mortgage backed securities were up 12 basis points today at 101.88 having closed 235 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...
08/01/2022
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
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Jeff Jensen

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