ARCHIVED BLOG POSTS
2018
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Home prices rose steadily across the nation in May though affordability issues may come into play in the months ahead. The S&P CoreLogic Case-Shiller 20-City Home Price Index rose 6.5% from May 2017 to May 2018. This was in line with expectations and just below the 6.7% recorded in April (revised...
07/31/2018
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Mortgage backed securities (MBS) closed up 6 basis points today at 101.56 having remained below resistance offered 50 days day moving averages and come to rest 19 basis points below it. The 30 year was available at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was ...
07/31/2018
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This week, the U.S. capital markets will receive a full dose of economic data and risk-filled headlines that will impact investors. Coming up is the the two-day Fed meeting that kicks off on Tuesday and ends Wednesday at 2:00 p.m. ET with the release of the monetary policy statement. The Fed is ...
07/30/2018
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Mortgage backed securities (MBS) closed down 6 basis points today at 101.50 having remained below resistance offered 50 days day moving averages and come to rest 24 basis points below it. The 30 year was available at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million wa...
07/30/2018
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Economic growth surged in the second quarter of 2018 due in part to a big rise in consumer spending. The Bureau of Economic Analysis reported that Gross Domestic Product rose 4.1% from the 2.2% recorded in the first quarter, which was revised up from 2%. The 4.1% was in line with expectations. Wi...
07/27/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.53 having remained below resistance offered 50 days day moving averages and come to rest 20 basis points below it. The 30 year was available at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was ...
07/27/2018
Mortgage rates edged a bit higher this week and are at their highest level since late June, though from an historic perspective, they remain at the low end of the spectrum. Freddie Mac reports that the 30-year fixed-rate mortgage rose two basis points to 4.54% with an average 0.5 in points and fe...
07/26/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.50 having remained below resistance offered 50 days day moving averages and come to rest 22 basis points below it. The 30 year was available at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million wa...
07/26/2018
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Sales of new single-family homes fell to an eight-month low in June. The ongoing hurdles of rising lumber costs and shortages of labor and land are partly to blame. June New Home Sales fell 5.3% from May to an annual rate of 631,000 units, below the 670,000 expected. However, from June 2017 to Ju...
07/25/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.50 having remained below resistance offered 50 days day moving averages and come to rest 21 basis points below it. The 30 year was available at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 millio...
07/25/2018
