ARCHIVED BLOG POSTS
2019
Mortgage application volumes slowed in the latest week after the big gains seen in the previous week, reports the Mortgage Bankers Association (MBA). The Market Composite Index, a measure of total mortgage loan application volume, fell 3.4% in the week ended June 14, 2019. Both the Refinance and ...
06/19/2019
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Mortgage backed securities (MBS) up 22 basis points today at 103.41 having closed 161 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mid...
06/19/2019
May housing starts fell 0.9% from April to an annual rate of 1,279,000 units versus the 1,240,000 expected while April was revised higher to 1,281,000 from 1,139,000. In addition, March was also revised higher as lower mortgage rates boosted the sector. Building permits, a sign of future construc...
06/18/2019
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Mortgage backed securities (MBS) up 6 basis points today at 103.19 having closed 149 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mid ...
06/18/2019
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The consumer is alive and well in the US as May retail sales jumped 0.5% from the gain of 0.3% in April, which was revised higher from a -0.2% while March was also revised higher. When stripping autos, sales jumped 0.5% from the gain of 0.5% in April which was revised higher from 0.1%.When April'...
06/14/2019
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Mortgage backed securities (MBS) down 9 basis points today at 103.16 having closed 147 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mi...
06/14/2019
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After six straight weeks of declines, mortgage rates held steady this week and remain at lows seen in September 2017. Easing trade tensions with Mexico helped to stabilize the markets. Freddie Mac reports that the 30-year fixed-rate mortgage was unchanged at 3.82% today with an average 0.6 in po...
06/13/2019
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After six straight weeks of declines, mortgage rates held steady this week and remain at lows seen in September 2017. Easing trade tensions with Mexico helped to stabilize the markets. Freddie Mac reports that the 30-year fixed-rate mortgage was unchanged at 3.82% today with an average 0.6 in poi...
06/13/2019
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Mortgage backed securities (MBS) flat today at 103.25 having closed 157 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mid Atlantic or t...
06/13/2019
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Comments
Mortgage backed securities (MBS) flat today at 103.25 having closed 157 points above support offered by the 200 day moving average. The conforming rate is at 4.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, the Mid Atlantic or t...
06/13/2019
