ARCHIVED BLOG POSTS
2019
The US Federal Reserve Bank left the benchmark Fed Funds Rate unchanged at 2.50% and went on to say that the labor market remains strong and that economic activity rose at a solid rate. Growth of household spending and business fixed investment slowed in the first quarter. However, just recently ...
05/03/2019
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Mortgage backed securities (MBS) closed up flat today at 102.66 having closed 116 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, the Mid Atla...
05/03/2019
Job growth in the private sector surged in April led by hiring in the service sector. ADP private payrolls rose by 275,000 last month, well above the 170,000 expected. The numbers showed that small businesses added 77,000 jobs, medium-size companies added 145,000 and big business 53 of the job ga...
05/01/2019
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Mortgage backed securities (MBS) closed up 4basis points today at 102.66 having closed 116 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, the...
05/01/2019