ARCHIVED BLOG POSTS
2018
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Retail Sales disappointed in August, up just 0.1% from July. This was the smallest gain in six months. However, July's figure was revised higher from 0.5% to 0.7%. Consumers cut back on spending for cars and clothing, whiles sales were led by non-store retailers and from receipts at gasoline stat...
09/14/2018
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Mortgage backed securities (MBS) closed down 20 basis points today at 101.09 having remained below resistance offered by the 200 day moving average and come to rest 34 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 ...
09/14/2018
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The Consumer Price Index (CPI) for August rose 0.2%, in line with estimates as higher costs for gasoline and rents were offset by declining costs for healthcare and apparel. On an annual basis, CPI fell to 2.7% from 2.9% in July while the Core CPI fell to 2.2% from 2.4%. The data also accelerated...
09/13/2018
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Mortgage backed securities (MBS) closed up 6 basis points today at 101.31 having remained below resistance offered by the 200 day moving average and come to rest 13 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 at ...
09/13/2018
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Inflation at the wholesale level declined in August from July due in part to lower costs for food and a range of services. The Producer Price Index (PPI) fell 0.1% versus the 0.2% expected, while the Core PPI, which strips out volatile food and services, fell 0.1%, below the +0.2% expected. On a ...
09/13/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.25 having remained below resistance offered by the 200 day moving average and come to rest 19 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 ...
09/13/2018
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Small business optimism soared in August to record high levels as the U.S. economy continues to grow. The NFIB Small Business Optimism Index rose to 108.8 in August, the highest in its 45-year history and above the previous record of 108.0 recorded in July 1983. The report showed that job creatio...
09/11/2018
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Mortgage backed securities (MBS) closed down 19 basis points today at 101.28 having remained below resistance offered by the 200 day moving average and come to rest 20 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...
09/11/2018
Due in part to the rise in home prices over the past few years, tappable homeowner equity rose to its highest level ever in the second quarter of 2018. Data and analytics firm Black Knight, Inc. reports that tappable homeowner equity rose by $256 billion in the second quarter of 2018 to a total g...
09/10/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.47 having remained below resistance offered by the 200 day moving average and come to rest 3 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 ...
09/10/2018
