Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Homeowners looking to tap into equity from the homes will be surprised that equity fell in October for the first time since the housing recovery. Black Knight reports that tappable equity declined by $140 billion in the third quarter of 2018 due in part to an ease in the pace of rising home price...
12/10/2018
Mortgage backed securities (MBS) closed down 3 basis points today at 101.25 having closed 36 basis points above support offered by the 100 day moving average.  The conforming rate is at 4.6255% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  Whether in New...
12/10/2018
The Bureau of Labor Statistics reported on Friday that U.S. employers added 155,000 new workers in November, below the 189,000 expected. Revisions for September and October were revised lower by a total of a modest 12,000. The Unemployment Rate was unchanged at 3.7%, a 50-year low. Average hourly...
12/07/2018
Mortgage backed securities (MBS) closed up28 basis points today at 101.31 having closed 40 basis points above support offered by the 100 day moving average.  The conforming rate is at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  Whether in New Eng...
12/07/2018
Mortgage rates continued to edge lower this week due in part over fears of a slowing global economy along with a big decline in the U.S. Stock markets, which boosted Bond prices. Freddie Mac reports that the 30-year fixed-rate mortgage fell six basis points this week to 4.75% with an average 0.50...
12/06/2018
Mortgage backed securities (MBS) closed up 9 basis points today at 101.00 having closed 9 basis points above support offered by the 100 day moving average.  The conforming rate is at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  Whether in New Engl...
12/06/2018
CoreLogic reports that home prices, including distressed sales, rose 5.4% from October 2017 to October 2018. That is down from the 7% gain seen year over year in March of this year. On a month over month basis, prices rose 0.5% from September 2018 to October 2018. Looking ahead, CoreLogic sees a ...
12/05/2018
Mortgage backed securities (MBS) closed flat today at 100.91 having closed right at resistance offered by the 100 day moving average.  The conforming rate is at 4.875% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  Whether in New England, the Mid Atlantic...
12/05/2018
CoreLogic reports that home prices, including distressed sales, rose 5.4% from October 2017 to October 2018. That is down from the 7% gain seen year over year in March of this year. On a month over month basis, prices rose 0.5% from September 2018 to October 2018. Looking ahead, CoreLogic sees a ...
12/04/2018
Mortgage backed securities (MBS) closed up 9 basis points today at 100.91 having closed right at resistance offered by the 100 day moving average.  The conforming rate is at 4.875% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%.  Whether in New England, the...
12/04/2018
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