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 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
Home borrowing costs fell this week for the second straight week after the surge in borrowing costs seen earlier this year. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 5.30% this week from 5.70% last week with an average of 0.8 in points and fees. A year ago the rate was 2.90...
07/07/2022
Mortgage backed securities were down 36 basis points today at 100.31 having closed 456 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...
07/07/2022
Mortgage rates eased again in the MBA's latest survey after the spike in borrowing costs in the first half of this year. The 30-year fixed-rate mortgage fell 10 basis points to 5.74% with 0.65 points for the week ended July 1, 2022, reports the MBA. Within the data it showed that the Market Compo...
07/06/2022
Mortgage backed securities were down 66 basis points today at 100.34 having closed 458 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...
07/06/2022
An economic slowdown is hitting the U.S. as evidenced by recent findings from the Atlanta Fed Reserve Bank. After Gross Domestic Product (Gross Domestic Product) fell 1.6% in Q1 2022, economic growth or GDP is now forecasted to be -2.1% for Q2 2022. Currently, a recession is defined as two consec...
07/05/2022
Mortgage backed securities were up 25basis points today at 101.00 having closed 395 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 t...
07/05/2022
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Jeff Jensen

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