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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2018 

Mortgage backed securities (MBS) closed up 22 basis points at today at 100.19 having fallen through support offered by the 10 day moving average and closed 39 points 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 4.625...
10/09/2018
And the survey says ... 134,000 new jobs created in September, below the 184,000 expected. However, the Labor Department said, "Hurricane Florence affected parts of the East Coast during the September reference periods for the establishment and household surveys." Average hourly earnings rose 0.3...
10/09/2018
Mortgage backed securities (MBS) closed down 15 basis points at today at 99.97 having fallen through support offered by the 10 day moving average and closed 61 points 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 4.62...
10/09/2018
Mortgage rates were unchanged early this week, reports Freddie Mac though they did edge higher in the past few days. Freddie Mac reports that the 30-year fixed-rate mortgage was at 4.71% with an average 0.40 in points and fees. Rates have been trending higher in 2018 as the U.S. economy strengthe...
10/04/2018
Mortgage backed securities (MBS) closed down 9 basis points at today at 100.25 having fallen through support offered by the 10 day moving average and closed 50 points 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 4.50...
10/04/2018
The service sector of the U.S. economy surged in September as the underlying index hit an all-time high due to respondents' positive outlook on business and the current and future U.S. economy. The ISM Service Index hit 61.6 last month, the highest since the index was created in 2008, as it grew ...
10/03/2018
Mortgage backed securities (MBS) closed down a whopping 66 basis points at today at 100.31 having fallen through support offered by the 10 day moving average and closed 55 points below  it.  The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million...
10/03/2018
Home price gains slowed a bit in August but still produced solid increases year over year due in part to a strong job market and economy. CoreLogic reports that home prices, including distressed sales, rose 5.5% from August 2017 to August 2018. On a monthly basis, prices were up 0.1% from July to...
10/02/2018
Mortgage backed securities (MBS) closed up 9basis point at today at 100.97 having remained above support offered by the 10 day moving average and closed 9 points above  it.  The conforming rate is at 4.75% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million was at 4.50%.  Wh...
10/02/2018
The U.S., Canada and Mexico struck a new trade deal called the U.S.-Mexico-Canada-Agreement (USMCA), which replaces NAFTA, last night. As a result, U.S. Stocks are surging and hovering near all-time record highs. The $1.2 trillion open trade zone agreement was on the brink of collapse recently, u...
10/01/2018
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