ARCHIVED BLOG POSTS
2018
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Home builder optimism declined in November due in part to higher rates and weakening demand. The NAHB Housing Market Index fell to 60 in November, down from 68 in October and below the 68 expected. It was the lowest level in more than two years. “Builders report that they continue to see signs of...
11/19/2018
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Mortgage backed securities (MBS) closed down 9 basis points today at 100.22 having remained above resistance offered by the 25 day moving average and closed 27points above it. The conforming rate is at 5.00% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%. ...
11/19/2018
U.S. Stocks are closing out the week the same way they came in ... with extreme volatility. The Dow Jones Industrial Average traded as high as 26,000 with a low of 24,787. Stocks were influenced this week by trade issues, Brexit, the Fed and somewhat tame inflation data. Next week, the U.S. marke...
11/16/2018
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Mortgage backed securities (MBS) closed up 25 basis points today at 100.25 having emainedd above resistance offered by the 25 day moving average and closed 32 points above it. The conforming rate is at 5.00% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%. ...
11/16/2018
As the holiday shopping season unfolds, retailers were giddy in October due in part to strong sales for motor vehicles and building materials. Retail Sales jumped 0.8% versus the 0.5% expected and were up from 0.1% in September. It was the largest increase since May's gain of 1.2%. The Core rate ...
11/15/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 100.00 having broken through resistance offered by the 25 day moving average and closed 6 points above it. The conforming rate is at 5.00% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%. Wh...
11/15/2018
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The October Consumer Price Index rose 0.3%, in line with estimates, though it was the largest increase since the 0.5% registered in January. The Core CPI was also in line at 0.2%. On a year-over-year basis, CPI rose to 2.5% from 2.3% in September and down from the 2018 high of 2.9% hit in June. T...
11/14/2018
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Mortgage backed securities (MBS) closed up 16 basis points today at 99.88 having broken through resistance offered by the 10 day moving average and closed 21 points above it. The conforming rate is at 5.00% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%. W...
11/14/2018
Fannie Mae released its Home Purchase Sentiment Index (HPSI) for October this week showing a decline in sentiment despite a favorable U.S. economy. The HPSI fell 2 points in October to 85.7, continuing its recent downward trend. The report revealed that the net share of Americans who said it is a...
11/09/2018
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Mortgage backed securities (MBS) closed up 19 basis points today at 99.56 having remained below resistance offered by the 10 day moving average and closed 20 points below it. The conforming rate is at 5.125% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.750%. ...
11/09/2018
