Jeff Jensen's Blog

Mortgage and Lending - Annie Mac Home Mortgage



Just two days after listing my daughter's house, my first listing in over 30 years, I had a realtor call to set up a showing.  Did this mean my price was in the ballpark I wondered.  The realtor appreared with a seemingly deer in the headlights couple.  They oohed and ahhed at all the features wh...
Mortgage backed securities (MBS) surprisingly closed up 50 basis points today at 100.66 having smashed through the 50 day movinga average and coming to rest just above both the 100 and 200 day moving averages.  Dollars rushed out of stocks and into bonds as the result of Standard & Poors downgrad...
My daughter listed her house with me on Friday.  I have had my real estate license since 1975 but have always dereived my income from other sources.  When I went to go on the local MLS site to set up the listing, I was clueless.  The vagaries of the system and 35 years of technology have changed ...
Mortgage backed securities (MBS) closed up 6 basis points today at 100.16 just above support offered by the 25 day moving average and 35 basis points below the 50 day moving average.  Today's Treasury auction did not fare that well but MBS bonds managed to stay above support anyhow.  Tomorrow the...
With all the pressure on getting the glut of purchase mortgages approved and closed prirr to the June 30th deadline, refinances have been put on the back shelf.  Although we have een quoting processing times from receipt of a file at the underwting center at 30 days for pruchases and 45 days for ...
Mortgage backed securities (MBS) closed down 22 basis points today at 100.22 after having passed through tough resistance offereed by the 50 day moving average.  MBS bonds were not able to sustain successes achieved early in the day and finished the day retreating like a dog with its tail between...
With the contract deadline for the tax credits just 10 days away, buyers are in a frenzy to get accepted offers.  Attorneys are on standby accross the nation to prepare and process sales contracts before May 1.  Although rates are still quite low (around 5.125% for a conforming 30 year fixed with...
Mortgage backed securities (MBS) closed up 25 basis points today at 100.44 having smashed thorugh formidable resistance offered by the 25 day moving average.  MBS bonds settled in just 10 points below the new resistance level at the 50 day moving average.  A selloff in risk fraught Greek and Port...
Mortgage backed securities (MBS) closed flat today at 100.10 just four basis points below resistance offered by the 25 day moving average.  During the day the bond reached up to become almost tangiential with the difficult resistance but fell just short.  The reality of next week's Treaury auctio...
As we are approaching the final crunch time for the two tax credit programs, it is important to be aware of the limitations of banks.  Each bank has a finite number of people in its processing, underwriting and closing departments.  It stands to reason therefore that only so many approvals and cl...

Jeff Jensen

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