ARCHIVED BLOG POSTS
2020
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CoreLogic reports that home prices nationwide, including distressed sales, rose 4% in December 2019 compared with December 2018 and increased 0.3% in December 2019 compared with November 2019. Looking ahead, CoreLogic is forecasting that home prices will rise 5.2% year-over-year from December 201...
02/04/2020
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Mortgage backed securities (MBS) markets closed down 9 basis points today at 102.03 having closed 111 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...
02/04/2020
The U.S. manufacturing sector received positive news this morning as it has been in a somewhat mild recession for the past six or seven months, reports the Institute for Supply Management (ISM). The ISM Manufacturing Index rose to 50.9 last month, above the 48.1 expected and up from 47.8 in Decem...
02/03/2020
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Mortgage backed securities (MBS) markets closed down 6 basis points today at 102.16 having closed 126 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...
02/03/2020
