ARCHIVED BLOG POSTS
2018
The consumer continued to spend in November after some impressive numbers in October. November Retail Sales rose 0.2%, which was inline with expectations, but that doesn't tell the whole story. When looking under the hood, there was a 0.5% decline in receipts at gas stations, which is good for th...
12/14/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.03 having closed 17 basis points above support offered by the 100 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 4.6250%. Whether in New ...
12/14/2018
Applications to purchase new homes plunged in November from October due in part to affordability issues and as wage growth continues to trail behind home-price growth. The Mortgage Bankers Association (MBA) reports that its Builder Application Survey fell 14% in November from October and declined...
12/13/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.03 having closed 16 basis points above support offered by the 100 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 4.6250%. Whether in New En...
12/13/2018
Consumer inflation remained contained in November due in part to declining energy prices. The November Consumer Price Index was unchanged while year-over-year fell to 2.2% from 2.5% in October. The Core CPI, which strips out food and energy, was also inline at 0.2%, while year over year rose 2.2%...
12/12/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.00 having closed 12 basis points above support offered by the 100 day moving average. The conforming rate is at 4.6255% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%. Whether in New...
12/12/2018
Fannie Mae released its Home Purchase Sentiment Index (HPSI) showing that the index rose slightly in November due in part to rising incomes. The HPSI rose 0.5 points to 86.2. Within the report it showed that Americans who said it is a good time to buy a home rose 2 percentage points, while the ne...
12/11/2018
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Mortgage backed securities (MBS) closed down 13 basis points today at 101.09 having closed 20 basis points above support offered by the 100 day moving average. The conforming rate is at 4.6255% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%. Whether in Ne...
12/11/2018
Homeowners looking to tap into equity from the homes will be surprised that equity fell in October for the first time since the housing recovery. Black Knight reports that tappable equity declined by $140 billion in the third quarter of 2018 due in part to an ease in the pace of rising home price...
12/10/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.25 having closed 36 basis points above support offered by the 100 day moving average. The conforming rate is at 4.6255% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.6250%. Whether in New...
12/10/2018
