ARCHIVED BLOG POSTS
2019
The National Association of REALTORS reports that housing affordability rose in June from a year ago due in part to three-year low mortgage rates. The Housing Affordability Index rose to 151.9 in June from June 2018, a 10% rise. A higher reading means that homes are getting more affordable that m...
08/19/2019
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.59 having closed 201 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,...
08/19/2019
New home construction across the US in July declined from June falling for the third straight month, due in part to a drop in multi-family dwellings. US housing starts fell nearly 4% in July from May to an annual rate of 1.191 million units. From a year ago, starts were up 0.6%. Multi-dwelling un...
08/16/2019
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Mortgage backed securities (MBS) closed down 15 basis points today at 102. having closed 227 points above support offered by the 200 day moving average. The conforming rate is at 375% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, t...
08/16/2019
The consumer is alive and kicking due to a strong labor market. July retail sales rose 0.7%, well above the +0.3% expected, the biggest gain in four months. When stripping out autos, sales jumped 1% versus a gain of 0.3%. Within the report, the control group number rose 1% well above expectations...
08/15/2019
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.78 having closed 227 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, ...
08/15/2019
Mortgage application activity surged in the latest week as mortgage rates fell again and remain at multi-year lows. The Mortgage Bankers Association reports that the Market Composite Index, a measure of total mortgage loan application volume, rose 22% in the latest week. The Refinance Index soare...
08/14/2019
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Mortgage backed securities (MBS) closed up 12 basis points today at 102.56 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, ...
08/14/2019
From the positive news department, the NFIB Small Business Optimism Index rose to 104.7 in July, just below all-time highs as expectations for business conditions, real sales, and expansion made solid gains. "While many are talking about a slowing economy and possible signs of a recession, the 3r...
08/13/2019
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Mortgage backed securities (MBS) closed down 18 basis points today at 102.44 having closed 198 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...
08/13/2019
