ARCHIVED BLOG POSTS
2018
ADP reported 227,000 new private jobs were created in October, well above the 180,000 expected as the job market continues to strengthen. It was the highest number in eight months. Mark Zandi, chief economist of Moody's Analytics said, "The only blemish is the struggles small businesses are havin...
10/31/2018
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Mortgage backed securities (MBS) closed down 15 basis points today at 100.00 having rfallen throughsupport offered by the 10 day moving average and closed 8 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 4.6250%. ...
10/31/2018
he S&P Case-Shiller 20-City Index rose 5.5% in August 2018 from August 2017, down from 5.9% in July and below the 5.9% expected. The housing sector has slowed with an ease in home price gains. However, seeing a moderation in home price gains should be viewed as healthy because the previous trend ...
10/30/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 100.12 having rmianed abovesupport offered by the 10 day moving average and closed 4 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 4.6250%. W...
10/30/2018
The Fed's favorite inflation gauge, the annual Core PCE, was unchanged in September at 2% while month over month saw a rise of 0.2%, just above the 0.1% expected. Inflation pressures have remained contained and the Federal Reserve will have to look closely at future inflation data ahead of the De...
10/29/2018
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Mortgage backed securities (MBS) closed down 9 basis points today at 100.25 having rmianed abovesupport offered by the 10 day moving average and closed 17 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 4.6250%. W...
10/29/2018
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Mortgage backed securities (MBS) closed up 10 basis points today at 100.22 having broken through resistance offered by the 10 day moving average and closed 18 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 4.6250%...
10/25/2018
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New Home Sales fell for the fourth straight month in September due in part to rising mortgage rates and higher home prices. The Commerce Department reported that New Home sales declined 5.5% in September from August to an annual rate of 553,000 units, below the 625,000 expected. August was revise...
10/25/2018
U.S. home prices in September rose at their slowest annual pace in six years while supplies posted the first annual gain in almost three years. Redfin reports that home prices increased 2.1% from September 2017 to September 2017 across the 171 metro markets that Redfin tracks, the smallest increa...
10/23/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 99.97 having remained below resistance offered by the 10 day moving average and closed 9points below it. The conforming rate is at 4.875% day. My jumbo pricing is now sizzling! The 3.0 year jumbo for $1 million was at 4.6250%. ...
10/23/2018
