ARCHIVED BLOG POSTS
2019
Mortgage rates were unchanged in the latest survey due in part to mixed signals from various sectors of the economy. Freddie Mac says that data for manufacturing and service industries varied while construction spending fell modestly. The 30-year fixed-rate mortgage is at 3.68% with 0.5 in points...
12/05/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.59 having closed 72 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,...
12/05/2019
Private employment growth slowed in November, reports payroll processor ADP with 67,000 jobs created during the month. The modest gain was well below the 156,000 expected. Small businesses added 11,000 new workers, medium size added 29,000 while large businesses added 27,000. The report comes ahe...
12/04/2019
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.62 having closed 76 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,...
12/04/2019
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The housing market continues to be supported by a strong labor market with prices up solidly year over year in October. CoreLogic reports that home prices nationwide, including distressed sales, rose 3.5% year over year in October from October 2018 and up 0.5% month over month from September to ...
12/03/2019
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Mortgage backed securities (MBS) closed up 13basis points today at 102.75 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...
12/03/2019
Freddie Mac recently reported its forecast on the housing market revealing that a strong labor should continue to buoy the sector into 2020. Freddie Mac is forecasting that mortgage rates will remain low while originations will be robust. The 30-year fixed-rate mortgage is expected at 3.8% in Q4 ...
12/02/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.62 having closed 79 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,...
12/02/2019
