Jeff Jensen's Blog

By
Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Home borrowing costs were essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is at 2.86% with 0.7 in points and fees. The record low was 2.65% on January 7 of this year. Sam Khater, Freddie Mac’s Chief Economist said, “It’...
09/16/2021
Mortgage backed securities closed down 28 basis points today at 101.08 having closed 48 points below the 200 day moving average. The conforming rate is at 2.75% 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...
09/16/2021
Home borrowing costs were unchanged in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage held steady at 3.03% with 0.32 in points for the week ending September 10, 2021. Within the report it showed that the Marke...
09/15/2021
Mortgage backed securities closed down 9 basis points today at 101.28 having closed 29 points below the 200 day moving average. The conforming rate is at 2.75% 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 ...
09/15/2021
First-time unemployment claims fell to a post-shutdown low in the latest week as the sector continues to get back to full strength. At present, there are 11 million jobs available across the nation. The Bureau of Labor Statistics reports that Weekly Initial Jobless Claims fell 35,000 to 310,000 f...
09/09/2021
Mortgage backed securities closed up 16 basis points today at 101.44 having closed 17 points below the 200 day moving average. The conforming rate is at 2.75% 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 M...
09/09/2021
Home borrowing costs were unchanged in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage held steady at 3.03% with 0.33 in points for the week ending September 3, 2021. Within the report it showed that the Market...
09/08/2021
Mortgage backed securities closed up 12 basis points today at 101.28 having closed 35 points below the 200 day moving average. The conforming rate is at 2.75% 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 M...
09/08/2021
The housing sector continues to see higher home prices due in part to heavy demand and low inventories. Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) was essentially unchanged in August at 75.7. Three of the components were lower while three were higher. Consumers were slightly...
09/07/2021
Mortgage backed securities closed down 19 basis points today at 101.16 having closed 48 points below the 200 day moving average. The conforming rate is at 2.75% 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...
09/07/2021
Rainmaker
1,535,602

JeffJensen

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