ARCHIVED BLOG POSTS
2019
Home loan rates edged lower last week but have inched higher this week and remain at historically attractive levels. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell seven basis points to 3.98% in the week ending November 1, 2019. That rate does carry 0.37 ...
11/06/2019
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.53 having closed 90 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 4.125%. Whether in New England, t...
11/06/2019
The service sector of the US economy continues to be a bright spot in the US economy. The Institute for Supply Management (ISM) reports that economic activity in the non-manufacturing sector grew for the 117th consecutive month, said the nation's purchasing and supply executives. The ISM Service ...
11/05/2019
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Mortgage backed securities (MBS) closed down 22 basis points today at 102.44 having closed 82 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 4.125%. Whether in New England...
11/05/2019
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Freddie Mac released the Economic & Housing Research Forecast late last week revealing that the housing market remains strong while an economic slowdown looms. Freddie Mac forecasts that 30-year mortgage rates will be 3.7% for the remainder of 2019 and will inch higher to 3.8% in 2020. Also, home...
11/04/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.62 having closed 102 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 4.125%. Whether in New England...
11/04/2019