ARCHIVED BLOG POSTS
2019
A solid labor market coupled with rising home prices has pushed the overall mortgage delinquency rate to its lowest in more than 20 years, reports CoreLogic. The 30 days or more delinquency rate for April was 3.6%, down from 4.3% in April 2018. In addition, no state posted an annual gain in its o...
07/16/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.09 having closed 211 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...
07/16/2019
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The Dow Jones Industrial Average (27,332), S&P 500 (3,013) and NASDAQ (8,244) stock indexes all closed at record highs on Friday and are near unchanged this morning after positive economic news out of China along with solid quarterly earnings from Citigroup. Goldman Sachs, JPMorgan and Wells Farg...
07/15/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.12 having closed 216 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
07/15/2019
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In recent years, potential homebuyers looking for a mortgage or those looking to refinance felt it took too long to close the deal once approved, but times have changed. LendingTree reports that the average time to close a purchase mortgage loan transaction is now 40 days, down from 74 days in 20...
07/12/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.06 having closed 212 points above support offered by the 200 day moving average. The conforming rate is at 3.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
07/12/2019
Underlying inflation at the consumer level warmed up a bit in June with the biggest increase occurring since January 2018. The Core Consumer Price Index (CPI), which strips out volatile food and energy, rose by 0.3% in June led by increases in prices for apparel, used cars and trucks along with h...
07/11/2019
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Mortgage backed securities (MBS) closed down 34 basis points today at 102.00 having closed 207 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England...
07/11/2019
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Mortgage rates inched lower in the latest week and remain near lows seen in September 2017. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell three basis points to 4.04% with an average 0.37 in points. The jumbo rate rose three basis points to 4.03% with 0.2...
07/10/2019
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Mortgage backed securities (MBS) closed up 15 basis points today at 102.28 having closed 237 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, ...
07/10/2019
