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 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
Private payroll growth was sluggish in May, the slowest gain in two years. ADP Private Payrolls rose 128,000 in May versus the 300,000 expected and down from 202,000 in April which was revised from 247,000. Small businesses took the brunt of the slowdown as companies employing fewer than 50 worke...
06/02/2022
Mortgage backed securities were up 31 basis points today at 99.97 having closed 463 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...
06/02/2022
Mortgage rates inched lower in the latest week falling three weeks in a row. The 30-year fixed-rate mortgage fell to 5.33% from 5.46% with 0.51 points for the week ended May 27, 2022, reports the MBA. Within the data it showed that the Market Composite Index, a measure of total mortgage applicati...
06/01/2022
Mortgage backed securities were down 34 basis points today at 99.66 having closed 499 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...
06/01/2022
Home borrowing costs fell again this week after the significant rise seen since a year ago. Freddie Mac reports that the 30-year fixed-rate mortgage slipped to 5.10% from 5.25% last week with an average of 0.9 in points and fees. A year ago the rate was 2.95%. The 15-year fell to 4.31% from 4.43%...
05/27/2022
Mortgage backed securities were flat today at 100.41 having closed 431 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 Midwest or a...
05/27/2022
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Jeff Jensen

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