ARCHIVED BLOG POSTS
2018
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A shortage of homes for sale on the market continued to drive home prices higher in May, reports the Federal Housing Finance Agency (FHFA). The FHFA's House Price Index (HPI) rose 0.2% in May from April, +6.4% from May 2017 to May 2018. The FHFA monthly HPI is calculated using home sales price in...
07/24/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 101.62 having remained below resistance offered 50 days day moving averages and come to rest 9 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...
07/24/2018
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Sales of existing homes fell for the third straight month in a row due in part to high home prices and a low inventory of homes for sale on the market. The National Association of REALTORS® (NAR) reports that June Existing Home Sales fell 0.6 percent from May to an annual rate of 5.38 million ann...
07/23/2018
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Mortgage backed securities (MBS) closed down 25 basis points today at 101.5681 having fallen through support offered by the 10, 25 and 50 days day moving averages and come to rest 16 basis points below the 50 day. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 3...
07/23/2018
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Home purchase loan closings rose in June while refinancing activity declined, reports Ellie Mae. Ellie Mae's Origination Insight for June revealed that 71% of all loans in June represented home purchases, up from 70% in May and a new high since the report began in 2011. Refinance closings fell to...
07/20/2018
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Mortgage backed securities (MBS) closed d0wn 22 basis points today at 101.81 having fallen through support offered by the 100 day moving average and come to rest 13 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...
07/20/2018
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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
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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
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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
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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
