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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2018 

Inflation pressures were somewhat subdued in May and will be closely dissected by the members of the Federal Reserve. The year-over-year Core Personal Consumption Expenditure (PCE) came in at 1.8% in April while March was revised lower to 1.8% from 1.9%. Month-over-month Core PCE came in at 0.2% ...
05/31/2018
Mortgage backed securities (MBS) closed down 3 basis points today at 102.09 having come to rest 32 basis points below the 100 day.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million was at 4.375%.  Whether in New England, the Mid Atlanti...
05/31/2018
The first of two key labor market reports was released this morning showing that employers in the private sector added fewer workers than expected, but still at solid levels. Payroll processor ADP reported on Wednesday that there were 178,000 new workers added in May, just below the 183,000 expec...
05/30/2018
Mortgage backed securities (MBS) closed down 25 basis points today at 102.26 having come to rest 27 basis points below the 100 day.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $1 million was at 4.375%.  Whether in New England, the Mid Atlant...
05/30/2018
Home prices continued to edge higher in March due in a large part to low inventories of homes for sale on the market. The S&P Case-Shiller 20-City Home Price Index rose 6.8% from March 2017 to March 2018, matching the February gain. David Blitzer, managing director and chairman of the index comm...
05/29/2018
Mortgage backed securities (MBS) closed up 53 basis points today at 102.44 having broken through resistance offered by the 50 day moving average and come to rest just 1 basis point below the 100 day.  The 30 year was available at 4.625% day.  My jumbo pricing is now sizzling!  The 30 year jumbo f...
05/29/2018
Memorial Day marks the unofficial start of summer, and Americans will kick off the season by traveling in near-record numbers. According to AAA, more than 41.5 million Americans will travel this Memorial Day weekend, nearly 5% more than last year and the most in more than a 12 years. About 36 mil...
05/25/2018
Mortgage backed securities (MBS) closed up 19 basis points today at 101.84 having reamined above support offered by the 25 day moving average and come to rest just 8 basis points below the 50 day.  The 30 year was available at 4.75% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $...
05/25/2018
Freddie Mac reports that the 30-yr fixed-rate mortgage rose five basis points to 4.66% with an average 0.4 in points and fees, their highest level since May 5, 2011 (4.71%). Freddie Mac went on to say that mortgage rates in 2018 have had the most sustained increase to start the year in over 40 ye...
05/24/2018
Mortgage backed securities (MBS) closed up 9 basis points today at 101.66 having reamined above support offered by the 25 day moving average and come to rest just 27 basis points below the 50 day.  The 30 year was available at 4.75% day.  My jumbo pricing is now sizzling!  The 30 year jumbo for $...
05/24/2018
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