Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Mortgage backed securities were up 28 basis points today at 100.00 having closed 398 points below the 200 day moving average. The conforming rate is at 6.0% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 6.00%. Whether in New England, the Mid Atlantic or the...
06/23/2022
Existing Homes Sales fell for the fourth month in a row in May to an annual rate of 5.41 million units, down 3.4% from April and down 8.4% from a year ago. Inventories sit at a low 2.6 month supply up from 2.2 months in April. The median home prices rose to a record $407,600, up 18.4% from a year...
06/21/2022
Happy summer!! Mortgage backed securities were down 3 basis points today at 99.28 having closed 477 points below the 200 day moving average. The conforming rate is at 6.0% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid ...
06/21/2022
Mortgage backed securities were up 9 basis points today at 97.50 having closed 667 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or the ...
06/16/2022
Mortgage backed securities were down 62 basis points today at 96.12 having closed 815 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
06/14/2022
Mortgage backed securities were down 144 basis points today at 96.75 having closed 758 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or ...
06/13/2022
Home borrowing costs increased this week after several weeks of declines. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.23% this week from 5.09% last week with an average of 0.9 in points and fees. A year ago the rate was 2.96%. The 15-year inched higher to 4.38% from 4.32% w...
06/09/2022
Mortgage backed securities were down 19 basis points today at 99.25 having closed 517 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
06/09/2022
U.S. investors, as well as Federal Reserve members, are eagerly awaiting the Consumer Price Index (CPI) for May when the numbers are released this Friday. Inflation at the consumer level is currently running at a 40-year high driving the price for goods and services considerably higher. The natio...
06/06/2022
Mortgage backed securities were down 56 basis points today at 99.22 having closed 532 points below the 200 day moving average. The conforming rate is at 5.00% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
06/06/2022
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Jeff Jensen

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smartphone(203) 981-8282
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