ARCHIVED BLOG POSTS
2018
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Ellie Mae released its Origination Insight Report for July this week showing that the percentage of closed purchase loans held steady at 71% of total loans closed in July for the second straight month. Ellie Mae reports the average 30-year interest rate for all loans edged higher to 4.91% from 4....
08/17/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.81 having broken through resistance offered by the 100 day moving average and closed 2 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%...
08/17/2018
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After hitting a nine-month low in June, new home construction bounced back in July. Housing Starts improved to a seasonally adjusted annual rate of 1.168 million units, up 0.9%from June's downwardly revised estimate of 1.158 million. However, from July 2017, Housing Starts were down 1.4%, likely ...
08/16/2018
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Mortgage backed securities (MBS) closed flat today at 101.78 having remianed 3 points above support offered by the 50 day moving average. 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 Atla...
08/16/2018
Consumers splurged in July as evidenced by the strong Retail Sales number, which rose 0.5% from June, exceeding the 0.1% expected. This solid number signals that the U.S. economy is doing well. Sales were led by clothing and accessories stores and gasoline station sales. However, June Retail Sale...
08/15/2018
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Mortgage backed securities (MBS) closed up12 basis points today at 101.78 having broken through resistance offered by the 50 day moving average and closed 3 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%....
08/15/2018
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Small business owners continue to express optimism due in part to a strong U.S. economy. The NFIB Small Business Optimism Index rose to its second highest level in the survey's 45-year history to 107.9 in July, just a whisker away from its record-high of 108 set back in July 1983. Small businesse...
08/14/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.62 having fallen through support offered by the 50 day moving average and closed 10 points below 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%...
08/14/2018
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U.S. Stocks are rebounding to start the week shrugging off the trade headlines and a bit of the Turkey dilemma because of the ongoing stream of good economic data here in the U.S. Given the limited size of Turkey's economy, and the likelihood of this being a short-term "pain," there shouldn't be ...
08/13/2018
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Mortgage backed securities (MBS) closed down 9 basis points today at 101.72 having closed right on support offered by the 50 day moving average. The 30 year was available at 4.625% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, the M...
08/13/2018
