ARCHIVED BLOG POSTS
2018
Mortgage rates rose this week to near seven-year highs. Freddie Mac reports that the 30-year fixed-rate mortgage rose six basis points to 4.60% with an average 0.40 in points and fees. Freddie Mac says average commitment rates should be reported along with average fees and points to reflect the t...
08/02/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 101.50 having remained below resistance offered 50 days day moving averages and come to rest 26 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 ...
08/02/2018
The labor market continues to produce positive numbers for employment as the U.S. economy grows stronger. ADP Private Payrolls rose 219,000 in July, above the 175,000 expected while June was revised higher to 181,000 from 177,000. July's 219,000 was the highest since February's 241,000. The job m...
08/01/2018
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Mortgage backed securities (MBS) closed down 12basis points today at 101.44 having remained below resistance offered 50 days day moving averages and come to rest 31 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...
08/01/2018
