ARCHIVED BLOG POSTS
2020
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Mortgage backed securities (MBS) market closed up 12 basis points today at 103.56 having closed 308 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...
05/14/2020
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Mortgage rates inched higher in the latest week though they remain near historic lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage rose three basis points to 3.43% with 0.29 in points and fees. The MBA's Market composite Index, a measure of total mortgage l...
05/13/2020
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Mortgage backed securities (MBS) market flat today at 103.44 having closed 299 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 England, the Mid Atlant...
05/13/2020
The coronavirus pandemic has not only impacted the health and well-being of many Americans but has also inflicted great harm on small businesses across the country due to the shutdown. The NFIB Small Business Optimism Index fell in 5.5 points in April to 90.9, with owners expressing certainty the...
05/12/2020
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Mortgage backed securities (MBS) market closed ip 9 basis points today at 103.44 having closed 301 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...
05/12/2020
The week's economic calendar is on the light side with data from the inflation reading Consumer and Producer Price Index along with Retail Sales and Consumer Sentiment. Earnings season will continue and could impact the markets as future guidance has been put on hold due to the pandemic. Stocks a...
05/11/2020
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Mortgage backed securities (MBS) market closed down 25 basis points today at 103.50 having closed 309 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 ...
05/11/2020
This morning, the Bureau of Labor Statistics reported the worst Non-Farm Payrolls report in U.S. history for April. Non-Farm Payrolls showed 20.5 million Americans lost their jobs last month while the Unemployment Rate soared to 14.7% with losses seen across all sectors of the labor market. The U...
05/08/2020
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Mortgage backed securities (MBS) market closed down 12 basis points today at 103.75 having closed 337 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 ...
05/08/2020
The unemployment line continues to grow. Over 33 million people are now unemployed across the nation in the past seven weeks due to the pandemic induced shutdown of the U.S. economy. For the week ended May 2, 3.17 million Americans filed for first-time unemployment benefits, worse than expectatio...
05/07/2020
