ARCHIVED BLOG POSTS
2020
The Mortgage Bankers Association (MBA) reports that its Mortgage Credit Availability Index (MCAI) decreased 3.5% in December to 182.2 and down 4% from June's record high of 189.8 though up 4.1% vs a year ago. A decline in the MCAI indicates that lending standards are tightening, while increases i...
01/13/2020
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Mortgage backed securities (MBS) closed up 3 basis points today at 103.00 having closed 84 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...
01/13/2020
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.97 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, t...
01/10/2020
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The housing market in 2020 has been upgraded in forecasts for single-family housing starts, new home sales and mortgage originations. Fannie reports that its Home Purchase Sentiment Index (HPSI) capped off a strong year in December with the index just below the survey high at 91.7. Three of the s...
01/08/2020
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Mortgage backed securities (MBS) closed down 18 basis points today at 102.84 having closed 70 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...
01/08/2020
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The service sector of the U.S. economy continues to be a bright spot. The sector provides a service, not a product, such as retail, banks, hotels, real estate and the like. The Institute for Supply Management's Service Index registered 55 in December with the sector growing for the 119th consecut...
01/07/2020
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.97 having closed 85 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...
01/07/2020
The U.S. financial markets kick off the week impacted by geopolitical headlines though both stock and bond prices trading near unchanged on the push-pull Middle East tensions coupled with positive U.S. - China trade headlines. U.S. stocks opened lower but have quickly shed losses as the session d...
01/06/2020
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Mortgage backed securities (MBS) closed flat today at 102.97 having closed 85 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, the Mid Atlan...
01/06/2020
Economic activity in the manufacturing sector contracted in December while the overall economy grew for the 128th consecutive month, in the latest report from the Institute of Supply Management (ISM). The ISM Index fell to 47.2 last month from 48.2 recorded in November and below the 49.0 expected...
01/03/2020
