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2019
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The NFIB Small Business Optimism Index edged lower in June from May though it remains near historically high levels. The index fell to 103.3 from 105.0 in May. The NFIB commented that if economic growth slows, that is not bad in a fully employed economy that can’t find enough workers to fill open...
07/09/2019
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.250 having closed 223 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 Englan...
07/09/2019
After last week's holiday-shortened week, things will heat up in the next 5 days while volatility may also be on the rise for the US capital markets. The week will feature Fed Chair Powell as he delivers his semi-annual testimony on the state of the US economy in front of Congress on Wednesday an...
07/08/2019
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Mortgage backed securities (MBS) closed flat today at 102.250 having closed 238 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, the Mid Atlan...
07/08/2019
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The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage was essentially unchanged in the latest week at 4.07% with 0.38 in points and fees. Rates are at lows seen in September 2017. The Labor Department reports that Americans filing for first-time unemployment benefits fell ...
07/03/2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.50 having closed 267 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,...
07/03/2019
CoreLogic reports that home prices nationwide, including distressed sales, rose annually by 3.6% in May 2019 from May 2018 and were up month-over-month by 0.9% in May 2019 compared with April 2019. The year-over-year 3.6% gain is a fraction of what gains were in the previous year, but at healthi...
07/02/2019
CoreLogic reports that home prices nationwide, including distressed sales, rose annually by 3.6% in May 2019 from May 2018 and were up month-over-month by 0.9% in May 2019 compared with April 2019. The year-over-year 3.6% gain is a fraction of what gains were in the previous year, but at healthie...
07/02/2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.31 having closed 250 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,...
07/02/2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.31 having closed 250 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,...
07/02/2019
