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2020
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Mortgage rates continue to hover near historic lows this week, reports the MBA. The 30-year fixed-rate mortgage was at 3.72% for the week ended February 7, 2020. Mortgage application activity rose with the Market Composite Index, a measure of total mortgage loan application volume up 1.1%, the Re...
02/12/2020
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Mortgage backed securities (MBS) markets closed down 6 basis points today at 101.97 having closed 95 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New E...
02/12/2020
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Small business owners across the U.S. were more positive about conditions as the new year kicked off as owners raise wages and invest in their business. The NFIB Small Business Optimism Index rose 1.6 points in January to 104.3, a reading among the top 10% of all readings in the 46-year history o...
02/11/2020
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Mortgage backed securities (MBS) markets closed down 3 basis points today at 102.06 having closed 105 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New ...
02/11/2020
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And the survey says ... 225K jobs created in January, well above the 164K expected while November and December were revised slightly higher by a total of 7K, reports the Bureau of Labor Statistics. The Unemployment Rate inched higher to 3.6% from 3.5%. As more people entered the workforce, the La...
02/07/2020
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Mortgage backed securities (MBS) markets closed up 19 basis points today at 102.25 having closed 128 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New E...
02/07/2020
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Mortgage rates continued to decline in the latest survey from Freddie Mac hitting the lowest point in three years. The 30-year fixed-rate mortgage fell to 3.45% from 3.51% with 0.7 in points and fees. A year ago at this time, the rate averaged 4.41%. Sam Khater, Freddie Mac’s Chief Economist said...
02/06/2020
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Mortgage backed securities (MBS) markets closed up 3 basis points today at 102.06 having closed 111 points above support offered by the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New En...
02/06/2020
The low mortgage rate environment boosted mortgage application activity in the latest week due in part to fears that China's economy will slow driven by the spread of the coronavirus. The MBA reports that the 30-year fixed-rate mortgage fell by ten basis points to 3.71% with 0.28 in points. It wa...
02/05/2020
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Mortgage backed securities (MBS) markets closed down 6 basis points today at 101.97 having closed 104 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...
02/05/2020
