ARCHIVED BLOG POSTS
The Mortgage Bankers Association reported the average conforming 30 year mortgage last week was at 4.25% paying .36 points. That makes my pricing look pretty good today 4.00% with no points. Tomorrow ADP will come out with its monthly jobs report for December. As you may remember, the ADP repo...
Mortgage backed securities (MBS) closed up 13 basis points today at 102.56 having broken through resistance offered by the 25 and 50 day moving averages and come to rest 18 basis points below the 200 day. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.25%. Whether in New...
Stocks began the year still riding the upward trend that investors enjoyed throughout 2017. In fact both the NASDAQ and the S&P 500 set new record highs today with the NASDAQ closing above 7,000 for the first time. All that euphoria was at the expense of bonds as they traded predictably lower. ...
Mortgage backed securities (MBS) closed down16 basis points today at 102.56 having fallen through support offered by the 50 day moving averages and come to rest 6 basis points below it. The 30 year was available at 4.00% today. The 30 year jumbo was at 4.25%. Whether in New England, the Mid A...