ARCHIVED BLOG POSTS
2018
Inflation remained contained in August and comes after Fed Chair Powell said this week that he doesn't see any upside surprises to inflation. The Bureau of Economic Analysis reported this morning that Core Personal Consumption Expenditures, the Fed's favorite inflation gauge, was unchanged year-o...
09/29/2018
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Mortgage backed securities (MBS) closed flat today at 100.94 having remained above support offered by the 10 day moving average and closed 7 points above it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New E...
09/29/2018
Soaring consumer confidence, a strengthening economy and a tight labor market sent Bond prices lower, yields higher and mortgage rates higher this week. Freddie Mac reports that the 30-year fixed-rate mortgage rose seven basis points in the latest week to 4.72% with an average 0.5 tacked on in po...
09/27/2018
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Mortgage backed securities (MBS) closed flat today at 100.94 having remained above support offered by the 10 day moving average and closed 7 points above it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New E...
09/27/2018
Mortgage rates hit their highest level in seven years in the latest week as the 30-year fixed-rate mortgage rose to 4.97%, the highest since April 2011, reports the Mortgage Bankers Association (MBA). In a strengthening economy and tight labor market, rates have no where else to go but higher, th...
09/26/2018
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Mortgage backed securities (MBS) closed up 25 basis points today at 100.94 having broken through resistance offered by the 10 day moving average and closed 5 points above it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.50%....
09/26/2018
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Home price gains eased a bit in July and have begun to slow after the big gains seen in the past few years. The S&P/Case-Shiller 20-City Home Price Index rose 5.9% from July 2017 to July 2018, down from the 6.4% year-over-year gain seen in June. On a monthly basis, prices were up just 0.1% from J...
09/25/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 100.69 having remained below resistance offered by the 10 day moving average and closed 25 points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.50%....
09/25/2018
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The last week of the month and end of the third quarter is underway with several hurdles for the U.S. markets to jump this week. The two-day FOMC meeting begins tomorrow with the monetary policy statement being delivered at 2:00 p.m. ET on Wednesday. The Treasury will sell a total of $106B in sec...
09/24/2018
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Mortgage backed securities (MBS) closed down 12 basis point today at 100.72 having remained below resistance offered by the 10 day moving average and closed 72 points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 30 year jumbo for $1 million was at 4.50%....
09/24/2018
