Jeff Jensen's Blog

By
Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
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
Existing Home Sales in June fell 5.4% from May to an annual rate of 5.12 million units versus the 5.38 million expected. Year over year sales declined 14.2%. Annual sales fell in all four regions of the U.S. The median price rose 13.4% from June 2021 to a fresh record high of $416,000. Unsold inv...
07/20/2022
Mortgage backed securities were down 19 basis points today at 99.88 having closed 463 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...
07/20/2022
Higher building costs and run away inflation dented home builder optimism this month, reports the National Association of Home Builders (NAHB). The NAHB Housing Market Index plunged 12 points this month from June versus the 67 expected. It was the lowest reading since May 2020 and the largest sin...
07/18/2022
Mortgage backed securities were down 16 basis points today at 100.09 having closed 450 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 o...
07/18/2022
Mortgage backed securities were up 32 basis points today at 100.19 having closed 444 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 ...
07/15/2022
Home borrowing costs rose this week after the decline seen in the previous week. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.51% this week from 5.30% last week with an average of 0.8 in points and fees. A year ago the rate was 2.88%. The 15-year rose to 4.67% from 4.45% wit...
07/14/2022
Mortgage backed securities were down 19 basis points today at 99.88 having closed 479 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...
07/14/2022
After the torrid run-up in rental prices over the past few years, they are starting to ease a bit. Redfin reports that the national median asking rent rose 14% in June from a year earlier, the smallest annual increase since October. Prices were up 0.7% from May to June, the smallest monthly incre...
07/12/2022
Mortgage backed securities were down 25 basis points today at 100.00 having closed 475 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 o...
07/12/2022
Rainmaker
1,603,584

Jeff Jensen

local_phone(203) 981-8282
smartphone(203) 981-8282
Contact The Author