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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2019 

Mortgage backed securities (MBS) 3 basis points today at 102.91 having closed 130 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid A...
05/29/2019
Mortgage backed securities (MBS) down 9 basis points today at 102.84 having closed 125points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...
05/24/2019
Sales of new homes declined from March to April though the numbers in March were revised higher. The Census Bureau reports that new home sales fell nearly 7% in April from March though were above the 665,000 expected. Sales rose by 7% from April 2018 to April 2019. Sales losses were seen across t...
05/23/2019
Mortgage backed securities (MBS) up 16 basis points today at 102.94 having closed 136 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...
05/23/2019
Low mortgage rates along with seasonal increases in home sales continued to boost prepayments in April, reports Black Knight. After a slow start to the year, the national delinquency rate declined in April by 5% from March to 3.47%, the lowest level since record keeping began in 2000. The report ...
05/22/2019
Mortgage backed securities (MBS) up 9 basis points today at 102.78 having closed 120 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid At...
05/22/2019
The National Association of REALTORS® (NAR) reports that existing-home sales declined 0.4% in April from March to an annual rate of 5.19 million units versus the 5.35 million expected. Sales were lower by 4.4% from April 2018 to April 2019. Sales declined in the Northeast and South with gains see...
05/21/2019
Mortgage backed securities (MBS) flat today at 102.69 having closed 112 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid Atlantic or the...
05/21/2019
Fannie Mae released its May Economic & Housing Outlook last week saying that strong demand along with improved affordability points to a rebound in the housing market in 2019. Fannie Mae went on to say, "Pending sales and purchase mortgage applications are trending upward, while the lower mortgag...
05/21/2019
Mortgage backed securities (MBS) down  12 basis points today at 102.69 having closed 112 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mi...
05/21/2019
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