ARCHIVED BLOG POSTS
2019
There are no economic reports due for release today, but the rest of the week the markets will receive data from CPI, housing, manufacturing, retail sales and consumer sentiment. Earnings season will be coming to an end with 90% of the S&P 500 companies having reported their numbers. Of those com...
08/12/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.62 having closed 218 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, t...
08/12/2019
Fannie Mae reports that due to improving job and mortgage rate expectations, its housing sentiment survey hit a fresh high in July. The Home Purchase Sentiment Index rose 2.2 points in July to 93.7, a new survey high. Five of the six components increased in July with a big jump in the "Confidence...
08/09/2019
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Mortgage backed securities (MBS) closed down 16 basis points today at 102.56 having closed 215 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...
08/09/2019
Continued uncertainty surrounding the US/China trade and currency issues sent bond prices higher late last week and early this week which pushed mortgage rates to lows seen in November 2016. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 3.60% early this week from 3.75% last wee...
08/08/2019
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Mortgage backed securities (MBS) closed flat today at 102.66 having closed 228 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 Atlant...
08/08/2019
CoreLogic reports that home prices, including distressed sales, rose 3.4% from June 2018 to June 2019, down from 3.6% in May as home price gains have cooled off a bit. Looking ahead, CoreLogic is forecasting a 5.2% increase in prices from June 2019 to June 2020. "With incomes up and current mortg...
08/06/2019
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Mortgage backed securities (MBS) closed down 16 basis points today at 102816 having closed 248 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 Englan...
08/06/2019
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And the survey says: 164K jobs created in July, just above the 160,000 expected, reports the Bureau of labor Statistics. The report showed that revisions for May and June were revised lower by 41,000, the Labor Force Participation Rate ticked up to 63%, and the U6 number, or total unemployed, fel...
08/02/2019
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Mortgage backed securities (MBS) closed flat today at 102.66 having closed 238 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, the Mid Atlan...
08/02/2019
