ARCHIVED BLOG POSTS
2018
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Rising home prices and mortgage rates pushed housing affordability to lows not seen in a decade in the second quarter of 2018, reports the National Association of Home Builders. From the beginning of April to the end of June, 57.1% of all new and existing home were affordable, down from 61.6% in ...
08/10/2018
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Mortgage backed securities (MBS) closed up 19 basis points today at 101.78 having remained above support offered by the 50 day moving averages and come to rest 6 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 million was...
08/10/2018
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Home price gains continued their winning ways in the second quarter of 2018 hitting record highs. The National Association of REALTORS® (NAR) reports that amidst extremely low inventory levels across much of the nation, existing homes sales waned while home price gains maintained their upward tra...
08/09/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 101.75 having broken through resitance offered 50 day moving averages and come to rest 2 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 million was at 4....
08/09/2018
Home price gains remained strong in June. CoreLogic reports that home prices, including distressed sales, rose 6.8% from June 2017 to June 2018 and increased 0.7% month over month from May to June. Over the next year, gains are expected to slow as further increases in home prices and home loan ra...
08/07/2018
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Mortgage backed securities (MBS) closed down 12basis points today at 101.56 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 4.625% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million ...
08/07/2018
The American dream of owning a home was alive and well in the past 12 months as the economy and labor markets continued to grow. The Census Bureau reports that twice as many American homeowners were created in the last year as had been created in the previous 10 years. The number of US homeowners...
08/06/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.69 having remained below resistance offered 50 days day moving averages and come to rest 7 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 million was...
08/06/2018
And the survey says ... 157,000 jobs were created in July, below the 190,000 expected. The headline number was a miss, but a look under the hood shows many strong data points. The headline number of 157,000 missed expectations, but May and June were revised higher by 59,000. The Unemployment Rate...
08/03/2018
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Mortgage backed securities (MBS) closed up 12 basis points today at 101.66 having remained below resistance offered 50 days day moving averages and come to rest 12 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 million wa...
08/03/2018
