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 were essentially unchanged last week and remain at historically low levels. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage slipped to 3.15% with 0.34 in points for the week ending June 4, 2021. The Market Composite Index fell 3.1%, the Purchase ...
06/09/2021
Mortgage backed securities closed up 25 basis points today at 101.38 having closed 84 points below the 200 day moving average. The conforming rate is at 2.8750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
06/09/2021
Mortgage backed securities closed down 3 basis points today at 100.03 having closed 121 points below the 200 day moving average. The conforming rate is at 2.8750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or t...
06/07/2021
First-time unemployment claims fell to the lowest level since the shutdowns began last year. Weekly Initial Jobless Claims decreased to 385,000 for the week ended May 29, 2021, from 405,000 in the previous week. To put it into perspective, the week of April 4, 2020 claims were over 6 million as t...
06/03/2021
Mortgage backed securities closed down 25 basis points today at 100.75 having closed 151 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or th...
06/03/2021
Sales of new single‐family houses in April 2021 were at a seasonally adjusted annual rate of 863,000, according to estimates released today by the U.S. Census Bureau. That was down nearly 6% monthly and below the 980,000 expected. Due to the lock downs last year and with little activity seen in A...
05/25/2021
Mortgage backed securities closed up 22 basis points today at 101.25 having closed 108 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
05/25/2021
Mortgage backed securities closed up 3 basis points today at 100.78 having closed 157 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the ...
05/21/2021
First-time unemployment claims fell to the lowest level since the shutdowns began last year. Weekly Initial Jobless Claims decreased to 444,000 for the week ended May 15, 2021, from 478,000 in the previous week. To put it into perspective, the week of April 4, 2020 claims were over 6 million as t...
05/20/2021
Mortgage backed securities closed up 19 basis points today at 100.72 having closed 165 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
05/20/2021
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