ARCHIVED BLOG POSTS
2018
The U.S. economy has been growing at a strong pace in 2018 with second quarter Gross Domestic Product at a robust 4.1%. This week, Target CEO said, "We're currently benefiting from a very strong consumer environment, perhaps the strongest I've seen in my career." Retailers have recently reported ...
08/24/2018
0
Comments
Mortgage backed securities (MBS) closed up 3basis points today at 101.97 having remained above support offered by the 10 day moving average and closed 13 points above it. 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%.Whe...
08/24/2018
Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points this week to 4.51% with an average 0.5 in points and fees. It was the lowest rate since mid-April. Freddie Mac said, "It is clear that affordability constraints have cooled the housing market, especially in expensive c...
08/23/2018
0
Comments
Mortgage backed securities (MBS) closed down 3basis points today at 101.94 having remained above support offered by the 10 day moving average and closed 11 points above it. 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%.W...
08/23/2018
0
Comments
Existing Home Sales fell for the fourth straight month in July. The National Association of REALTORS reported that Existing Home Sales decreased 0.7 percent to a seasonally adjusted annual rate of 5.34 million in July from 5.38 million in June. This was their slowest pace in more than two years.E...
08/23/2018
1
Comments
Mortgage backed securities (MBS) closed up 9 basis points today at 101.97 having remained above support offered by the 100 day moving average and closed 10 points above it. 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%.W...
08/23/2018
1
Comments
Luxury homebuilder Toll Brothers reported strong earnings and forecasted solid guidance going forward in yesterday's corporate earnings release. Rising orders along with a healthy economy sent completed sales up 18% from a year earlier. The company reported earnings per share of $1.26, well above...
08/21/2018
1
Comments
Mortgage backed securities (MBS) closed down 9 basis points today at 101.88 having remained above support offered by the 100 day moving average and closed 10 points above it. 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%...
08/21/2018
Home price gains continued in July though at a slightly slower pace than what the market has been seeing the past few years. Real estate brokerage Redfin reports that home prices rose 5.3% from July 2017 to July 2018 to a median price of $307,400. The rate of price gains has been declining for th...
08/20/2018
0
Comments
Mortgage backed securities (MBS) closed up 16basis points today at 101.97 having remained above support offered by the 50 day moving average and closed 18 points above it. 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%.Wh...
08/20/2018
