ARCHIVED BLOG POSTS
2020
Credit availability modestly declined in February as both conforming and jumbo segments of the market saw a decline. The MBA reports that its Mortgage Credit Availability Index (MCAI) fell 0.3% to 181.3 last month. A decline in the MCAI indicates that lending standards are tightening, while incre...
03/10/2020
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Mortgage backed securities (MBS) market closed down 81 basis points today at 101.75 having closed 235 points above support offered by the 200 day moving average. The conforming rate is at 3.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New...
03/10/2020
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Uncertainty surrounding the coronavirus has cast a spell of uncertainty over the U.S. financial markets which has caused extreme volatility along with wild swings in the major U.S. stock indexes. Freddie Mac reports that the 30-year fixed-rate mortgage fell sixteen basis points this week to 3.29%...
03/05/2020
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Mortgage backed securities (MBS) market closed up 9 basis points today at 102.22 having closed 290 points above support offered by the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
03/05/2020
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Mortgage rates continued to decline in the latest week which fueled a big push to refinance current mortgages. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell 16 basis points to 3.57% with 0.26 in points. The rate is the lowest in more than seven years. The Mark...
03/04/2020
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Mortgage backed securities (MBS) market closed down 34 basis points today at 102.12 having closed 283 points above support offered by the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New ...
03/04/2020
CoreLogic reports that home prices, including distressed sales, rose 4% from January 2019 to January 2020, matching the annual gain seen in December. On a monthly basis, prices were up 0.1% from December to January. Looking ahead, CoreLogic is forecasting that prices will rise by 5.4% from Januar...
03/03/2020
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Mortgage backed securities (MBS) market closed up 56 basis points today at 102.50 having closed 221 points above support offered by the 200 day moving average. The conforming rate is at 3.25% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
03/03/2020
