Jeff Jensen's Blog

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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
The number of Americans filing for first-time unemployment benefits fell to the lowest levels in more than 48 years as the labor market continues to gain strength. Weekly Initial Jobless Claims fell by 8,000 to 207,000, below the 220,000 expected, in the week ended July 14. It was the lowest leve...
07/19/2018
Mortgage backed securities (MBS) closed up 15 basis points today at 102.03 having broken through resistance offered by the 100 day moving average and come to rest 9 basis points above it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 millio...
07/19/2018
U.S. home builders broke ground on fewer homes than expected in June, due in part to higher costs for lumber, a lack of available land to build on land and a shortage of construction workers. June Housing Starts fell 12.3% in June from May to an annual rate of 1.173 million units versus the 1.318...
07/18/2018
Mortgage backed securities (MBS) closed down 3 basis oints today at 101.88 having remained below resistance offered by the 100 day moving average and come to rest 6 basis points below it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 millio...
07/18/2018
Foreclosure activity continues to decline and is down significantly from the peak seen in early 2010. ATTOM Data Solutions reports that there were 362,275 properties with foreclosure filings, default notices, scheduled auctions or bank repossessions in the first half of 2018, down 15% from the sa...
07/17/2018
Mortgage backed securities (MBS) closed flat today at 101.91 having remained below support offered by the 100 day moving average and come to rest  4 basis points below it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million was at 4.50%. ...
07/17/2018
The July 2018 NABE (National Association for Business Economics) Business Conditions Survey indicates strong sales and steady profit margins in the second quarter of 2018, as well as increasing materials costs and wages. The survey revealed that additional investment and job gains are expected. I...
07/16/2018
Mortgage backed securities (MBS) closed down 6 basis points today at 101.91 having fallen through support offered by the 100 day moving average and come to rest  4 basis points below it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million...
07/16/2018
Consumer Sentiment edged lower in early July but remains near lofty levels. The continued strength in the index is due in part to favorable job and income prospects. The preliminary July Consumer Sentiment Index came in at 97.1 versus the 97.8 expected and down from 98.2 in June. Looking ahead, t...
07/13/2018
Mortgage backed securities (MBS) closed up 12 basis points today at 102.00 having broken through resistance offered by the 100 day moving average and come to rest  basis points avove it.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million...
07/13/2018
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