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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
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...
04/05/2022
Mortgage backed securities were flat today at 101.75 having closed 4261 points below the 200 day moving average. The conforming rate is at 3.75% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic or the Midwest or any...
04/04/2022
The Bureau of Labor Statistics reports that there were 431,000 jobs created in March, below the 490,000 expected. This is down from 750,000 in February which was revised up from 678,000. The Unemployment Rate fell to 3.6%, the lowest since the 3.5% recorded in February 2020. Payrolls are still 1....
04/01/2022
Mortgage backed securities were down 12 basis points today at 101.75 having closed 431 points below the 200 day moving average. The conforming rate is at 3.75r% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic or th...
04/01/2022
Home prices continued to increase in the latest of many monthly surveys due in part to low inventories of homes for sale on the market. The January S&P Case-Shiller 20-City Home Price Index rose 19.1% from January 202, up monthly from December 2021 to January 2022 by 1.4%. The National Index incr...
03/29/2022
Mortgage backed securities up 50 basis points today at 101.88 having closed 426 points below the 200 day moving average. The conforming rate is at 3.75r% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic or the Midwe...
03/29/2022
Consumers aren't feeling that giddy across the nation given that extreme inflation has set in. More consumers mentioned reduced living standards due to rising inflation than any other time except during the two worst recessions in the past fifty years. The Consumer Sentiment index fell to a fresh...
03/25/2022
Mortgage backed securities down 81 basis points today at 96.75 having closed 653 points below the 200 day moving average. The conforming rate is at 3.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.755%. Whether in New England, the Mid Atlantic or the Midw...
03/25/2022
Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.42% from 4.16% last week with an average of 0.8 in points and fees. The 15-year rose to 3.63% from 3.39%, also with a 0.8 point. Sam Khater, Freddie Mac’s Chi...
03/24/2022
Mortgage backed securities down 56 basis points today at 97.56 having closed 576 points below the 200 day moving average. The conforming rate is at 3.625% today.  My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.755%. Whether in New England, the Mid Atlantic or the Midw...
03/24/2022
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Jeff Jensen

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