ARCHIVED BLOG POSTS
2020
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The unemployment line is growing. Over 30 million people are now unemployed across the nation in the past six weeks due to the pandemic induced shutdown of the U.S. economy. For the week ended April 25, 3.84 million Americans filed for first-time unemployment benefits, worse than expectations of ...
04/30/2020
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Mortgage backed securities (MBS) market closed up 3 basis points today at 104.09 having closed 386 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
04/30/2020
The fallout from the coronavirus pandemic continues to severely impact economic activity across the nation while consumer attitudes have plunged. Stay-at-home restrictions, the closing of many businesses along with nearly 27 million people claiming first-time unemployment benefits reflects the sh...
04/28/2020
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Mortgage backed securities (MBS) market closed up 9 basis points today at 104.00 having closed 383 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
04/28/2020
There is some cautious optimism in the air on reports that Italy, France, the U.K. as well as several states here in the U.S. will begin to ease lock down restrictions and open parts of their economy. Mortgage Bonds and Treasury prices are starting the week lower as Stocks attempt to push higher....
04/27/2020
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Mortgage backed securities (MBS) market closed down 9 basis points today at 103.91 having closed 377 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
04/27/2020
Growing fears of a pandemic induced economic slowdown, chaos in the oil markets, a mixed bag of earnings and staggering first-time unemployment claims filled the event list this week in the markets. Economic data for the near future will continue to be weak but U.S. stocks are showing resilience ...
04/24/2020
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Mortgage backed securities (MBS) market closed down 3 basis points today at 103.97 having closed 386 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
04/24/2020
Mortgage rates were unchanged in the latest remaining near historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is at 3.33% this week with 0.7 in points and fees. Freddie Mac said that mortgage rates have stabilized over the last few weeks as the market searches for direction i...
04/23/2020
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Mortgage backed securities (MBS) market closed up 6 basis points today at 104.00 having closed 391 points above support offered by the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
04/23/2020
