ARCHIVED BLOG POSTS
2018
Inflation pressures remained contained in November as evidenced by a key barometer that the Federal Reserve closely watches. The Core Personal Consumption Expenditure (PCE) came in at 1.9% year-over-year in November, just above the 1.8% recorded in October. The Federal Reserve has a target of 2% ...
12/21/2018
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Mortgage backed securities (MBS) closed up 6 basis points today at 101.44 having closed 7 points above support offered by the 200 day moving average. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, th...
12/21/2018
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Mortgage rates continued to edge lower in the latest week as U.S. Stocks declined which pushed Bond prices higher. As Bond prices rise, interest rates tend to move lower with an inverse relationship. Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points to 4.62% this week...
12/20/2018
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Mortgage backed securities (MBS) closed down 16 basis points today at 101.38 having closed right at support offered by the 200 day moving average. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, the M...
12/20/2018
The Fed pulls a fast one and ditches last week's dovish rhetoric and talks of two rate hikes next year. See more detail tomorrow. The National Association of REALTORS® (NAR) reports that Existing Home sales in November rose 1.9% from October to an annual rate of 5.32 million units versus the 5.2...
12/19/2018
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Mortgage backed securities (MBS) closed up 12 basis points today at 101.59 having remained above support offered by the 200 day moving average and closed 21 points above it. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%. ...
12/19/2018
November Housing Starts rose 3.2% from October to an annual rate of 1.256 million units versus the 1.230 million expected. October was revised lower to 1.217 million from 1.228 million. Housing Starts were down 3.6% from November 2017. Building Permits jumped 5% percent from October to an annual ...
12/19/2018
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Mortgage backed securities (MBS) closed up 31 basis points today at 101.50 having broken through resisitance offered by the 200 day moving average for the first time in months. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%...
12/19/2018
It's Fed week! The Fed kicks off its two-day Federal Open Market Committee meeting tomorrow and will end on Wednesday at 2:00 p.m. ET with the monetary policy statement and a projection of economic indicators. The Fed's Powell will hold a press conference at 2:30. The Fed is expected to hike the ...
12/17/2018
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Mortgage backed securities (MBS) closed up 16basis points today at 101.19 having closed 34 basis points above support offered by the 100 day moving average. The conforming rate is at 4.75% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%. Whether in New Eng...
12/17/2018
