ARCHIVED BLOG POSTS
2019
Fannie Mae reports that its key housing index surged in March just in time for the spring homebuying season. Declining mortgage rates as well as a drop in prices were two reasons behind the increase. The Fannie Mae Home Purchase Sentiment Index jumped 5.5 points in March to 89.8, the highest leve...
04/08/2019
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.75 having closed 130 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, th...
04/08/2019
The Bureau of Labor Statistics reports that payroll growth rebounded in March after the weak reading in February. Nonfarm Payrolls rose 196,000 last month, above the 175,000 expected and above the 33,000 created in February. For January and February, upward revisions totaled 14,000. The unemploym...
04/05/2019
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Mortgage backed securities (MBS) closed up 13 basis points today at 102.72 having closed 128 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
04/05/2019
Mortgage rates remained at 14-month lows in the latest survey which has been a boon for mortgage application volume. Low rates should boost the spring home buying season which is currently underway. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.08% this week from 4.06% last ...
04/05/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.59 having closed 115 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England...
04/05/2019
Low mortgage rates drove mortgage loan application volumes sharply higher in the latest week as borrowing costs fell to 14-month lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell to 4.36% from 4.45%, the lowest since January 2018, with an average 0.44 ...
04/03/2019
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.56 having closed 113 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England...
04/03/2019
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CoreLogic reports that home prices, including distressed sales, rose 4% from February 2018 to February 2019 as gains begin to cool to more normal levels after the 4.4% increase year-over-year seen last month in January. In early 2018, gains were seen in the 7% range. Month-over-month, prices rose...
04/02/2019
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.66 having closed 123 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, ...
04/02/2019
