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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2020 

Mortgage backed securities (MBS) market closed up 9 basis points today at 103.88 having closed 352 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...
05/07/2020
Mortgage rates continued to hit fresh all-time lows in the latest week in the wake of the pandemic fallout. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell to a survey low of 3.40% with 0.30 in points for the week ended May 1, 2020. The MBA's Market Compos...
05/06/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 103.78 having closed 345 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...
05/06/2020
U.S. stocks are following the 'Sell in May and go away' mantra on this just the second day of trading for the month. The Dow Jones Industrial Average has fallen nearly 1,000 points on Friday and Monday after the record numbers in April. Deteriorating U.S.-China relations along with headlines that...
05/04/2020
Mortgage backed securities (MBS) market closed down 9 basis points today at 103.91 having closed 363 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...
05/04/2020
Sell in May And go away! That's how May is kicking off today with U.S. stocks considerably lower after Apple and Amazon reported mixed earnings. In addition, the White House is threatening new tariffs on China for the country's handling of the coronavirus. "Sell in May and go away" is a well-know...
05/01/2020
Mortgage backed securities (MBS) market closed down 10 basis points today at 104.00 having closed 375 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 ...
05/01/2020
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