ARCHIVED BLOG POSTS
2019
Consumer inflation rose in April boosted by rising gas prices along with increasing rents and healthcare costs, though underlying inflation remained tame. The Core PCE, the Fed's favorite inflation gauge, rose 1.6% in the latest report, below the Fed's target range of 2.0%. The Labor Department r...
05/10/2019
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Mortgage backed securities (MBS) closed flat today at 102.66 having closed 114 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...
05/10/2019
3
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Mortgage rates edged lower in the latest survey as investors piled into the bond markets due to uncertainty caused by the ongoing trade disputes. Freddie Mac reports that the 30-year fixed-rate mortgage fell by four basis points in the latest week to 4.10% with an average 0.5 in points and fees. ...
05/09/2019
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Mortgage backed securities (MBS) closed up 4 basis points today at 102.66 having closed 114 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...
05/09/2019
1
Comments
Mortgage rates held near 12-month lows in the latest week with the spring home buying season is now fully underway. The Mortgage Bankers Association (MBA) reports that the 30-yr fixed-rate mortgage was essentially unchanged in the latest week at 4.41%. Borrowing costs on jumbo loans averaged 4.27...
05/08/2019
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Mortgage backed securities (MBS) closed down 10 basis points today at 102.62 having closed 110 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, ...
05/08/2019
0
Comments
Mortgage backed securities (MBS) closed up 10 basis points today at 102.72 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, th...
05/08/2019
0
Comments
Mortgage backed securities (MBS) closed down 4 basis points today at 102.62 having closed 110 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, t...
05/08/2019
The Labor Department reported this morning that there were 263,000 jobs created in April, well above the 180,000 - 200,000 range expected while February and March were revised modestly higher by a total of 16,000. The unemployment rate fell to 3.6%, the lowest since December 1969 while average ho...
05/03/2019
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Mortgage backed securities (MBS) closed flattoday at 102.66 having closed 116 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 ...
05/03/2019
