Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Existing Homes Sales in March fell 2.7% from February to an annual rate of 5.77 million units versus the 5.80 million expected, reports the National Association of REALTORS®. It was the second straight monthly loss, with declines seen in three of the four major regions across the U.S. Sales were ...
04/20/2022
Mortgage backed securities were up 38 basis points today at 99.94 having closed 580 points below the 200 day moving average. The conforming rate is at 4.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the M...
04/20/2022
Wholesale inflation jumped to the highest level in the cycle history as producers are paying more for goods and services that they sell to consumers. The Producer Price Index rose 1.4% in March from February while the year over year number jumped 11.2%. The Core rate, which strips out food and en...
04/13/2022
Mortgage backed securities were up 193 basis points today at 100.62 having closed 521 points below the 200 day moving average. The conforming rate is at 4.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the...
04/13/2022
Small business owners are feeling the pinch of inflation which is on top of trying to find qualified workers to fill positions. The NFIB Small Business Optimism Index decreased in March by 2.4 points to 93.2, the third consecutive month below the 48-year average of 98. The NFIB said, "Thirty-one ...
04/12/2022
Mortgage backed securities were up 53 basis points today at 100.44 having closed 542 points below the 200 day moving average. The conforming rate is at 4.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the ...
04/12/2022
Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.72% this week from 4.67% last week with an average 0.8 in points and fees. A year ago the rate was 3.13%. The 15-year rose to 3.91% from 3.83%, also with a 0....
04/08/2022
Mortgage backed securities were down 384 basis points today at 100.59 having closed 534 points below the 200 day moving average. The conforming rate is at 4.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or t...
04/08/2022
Mortgage backed securities were down 84 basis points today at 101.03 having closed 499 points below the 200 day moving average. The conforming rate is at 4.875% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or th...
04/08/2022
CoreLogic reports that home prices nationwide, including distressed sales, rose a record 20% in February 2022 compared with February 2021, up monthly by 2.2% in February 2022 compared with January 2022. Looking ahead, home prices are expected to increase monthly by 0.6% from February to March and...
04/05/2022
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Jeff Jensen

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