ARCHIVED BLOG POSTS
2020
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Mortgage rates continue to hover near record lows as the Federal Reserve holds rates low to spur on not only the housing sector but the overall economy also. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.99% with 0.8 in points and fees. Last year this time the rate was 3.75%....
07/30/2020
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Mortgage backed securities (MBS) market closed up 9 basis points today at 104.97 having closed 336 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
07/30/2020
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Mortgage rates remained near all-time lows in the latest week as the Federal Reserve continues to hold borrowing costs low to spur on economic activity. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage was unchanged at 3.20% with 0.37 in points for the week endi...
07/29/2020
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Mortgage backed securities (MBS) market closed up 12 basis points today at 104.91 having closed 333 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
07/29/2020
Economic data is plentiful this week with Durable Orders easily beating expectations in June as data continues to roll in on the positive side. In addition, housing, consumer confidence and sentiment, the inflation reading Core PCE and consumer spending will be released. All eyes will be glued to...
07/27/2020
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Mortgage backed securities (MBS) market closed up 3 basis points today at 104.53 having closed 300 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
07/27/2020
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The National Association ofREALTORS® reports that Existing Home Sales soared by 20.7% in June from May to an annual rate of 4,720,000 as the sector continues to shine post-pandemic shutdown. The monthly gain was the largest on record. However, sales are down 11.3% year-over-year due in part to th...
07/22/2020
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Mortgage backed securities (MBS) market closed up 6 basis points today at 104.59 having closed 306 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
07/22/2020
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Fresh EU stimulus, hopes of Congress stimulus and strong earnings from Big Blue are weighing on bonds while stocks are surging. The EU agreed on fresh stimulus of 750B euros to battle COVID inflicted regions while Congress gets started on some type of coronavirus stimulus here in the states. Demo...
07/21/2020
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Mortgage backed securities (MBS) market closed up 9 basis points today at 104.53 having closed 309 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
07/21/2020
