ARCHIVED BLOG POSTS
2018
Inflation pressures remained contained in May, which is a big topic for the members of the Federal Reserve. The annual Core Personal Consumption Expenditures (PCE), the Fed's favorite inflation gauge, rose to 2% last month, right at the Fed's target range of 2%. It was the first time since Apri...
06/29/2018
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Mortgage backed securities (MBS) closed down 6 basis points today at 101.91 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 9 basis points below the 100 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 3...
06/29/2018
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Mortgage rates declined over the past week and have now decreased in four of the past five weeks. Rates hit their high water mark at the end of May due in part to an improving economy and modestly higher inflation pressures. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 4.55% ...
06/28/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.94 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 7 basis points below the 100 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The ...
06/28/2018
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U.S. Stocks are rebounding today on news that the Trump administration will take a softer stance on foreign investments. It was reported that "rather than actively restricting Chinese investment in U.S. technology firms, the White House has decided to rely on the Committee on Foreign Investment i...
06/27/2018
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Mortgage backed securities (MBS) closed up 12 basis points today at 101.97 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 6 basis points below the 100 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30...
06/27/2018
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A recent survey conducted by RENTCafe shows that 83% of renters are kept away from their ideal locations and jobs due to rising rent costs. Nationally, the average rent charged by buildings in top-rated locations is $1,655 per month, 37% more than the national average rent of $1,211 charged in lo...
06/26/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 101.81 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 16 basis points above the 50 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 ...
06/26/2018
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The labor market has improved dramatically since the height of the "Great Recession" back in early 2009. The Unemployment Rate was 3.8% as of May 2018. The "unemployed and underemployed" rate, U6, was 7.6% as of May 2018, which is the combination of jobless individuals plus workers who are part-t...
06/25/2018
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Mortgage backed securities (MBS) closed flat today at 101.72 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 6 basis points above the 50 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for...
06/25/2018
