ARCHIVED BLOG POSTS
2019
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The Mortgage Bankers Association (MBA) reports that its Market Composite Index, a measure of total mortgage loan application volume, fell 2.5% in the week ended February 1, 2019. The MBA said the refinance index was near unchanged while the purchase index declined 5%.Mortgage rates edged lower in...
02/06/2019
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Mortgage backed securities (MBS) closed flat today at 102.06 having closed 76 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, the Mid Atlant...
02/06/2019
CoreLogic reports that home prices, including distressed sales, rose 4.7% from December 2017 to December 2018. It was the slowest year-over-year growth since August 2012 as price gains fall back down to more normal levels. Looking ahead, CoreLogic is forecasting a 4.6% gain in prices from Decembe...
02/05/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.06 having closed 76 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, t...
02/05/2019
U.S. home sellers across the country put more money in their pockets when they sold their homes in 2018 with the big gains seen along coasts. The ATTOM Data Solutions 2018 U.S. Home Sales Report, home sellers in 2018 realized an average home price gain since purchase of $61,000, up from $50,000 l...
02/04/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having closed 70 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,...
02/04/2019
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The Bureau of Labor Statistics reported that 304,000 jobs were created in January as the labor market continues to remain on very solid ground. However, there was a large 70,000 downward revision for November and December. But even with that, the three-month job creation average is at a strong 2...
02/04/2019
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Mortgage backed securities (MBS) closed down 35 basis points today at 102.03 having closed 73 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...
02/04/2019
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The partial government shutdown ended last Friday so the delay of sales of newly built homes for November was reported today with a big number. November New Homes Sales jumped 17% from October to an annual rate of 657,000 units, well above the 555,000 expected. However, sales were down 7.7% from ...
02/04/2019
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Mortgage backed securities (MBS) closed up 15 basis points today at 102.31 having closed 100 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,...
02/04/2019
