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2020
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Mortgage backed securities (MBS) market closed up 9 basis points today at 104.91 having closed 292 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...
08/17/2020
U.S. consumers continued to spend in July as the nation continued to reopen. July Retail Sales rose 1.2% versus the 1.8% expected as the numbers drift back to more normal levels. June was revised higher to 8.4% from 7.5%. The closely watched control number within the report rose 1.4%, above the 0...
08/14/2020
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Mortgage backed securities (MBS) market closed down 3 basis points today at 104.78 having closed 282 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 ...
08/14/2020
The number of Americans filing for initial unemployment benefits fell below the 1 million mark for the first time since late March (20 weeks) as the country continues to reopen and jobs return. Weekly Initial Jobless Claims came in at 963,000 for the week ended August 8, below the 1.150 million e...
08/13/2020
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Mortgage backed securities (MBS) market closed down 3 basis points today at 104.81 having closed 288 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 ...
08/13/2020
Mortgage rates hit fresh record lows in the latest survey as investors grew weary of the coronavirus headlines and subsequently pushed bond prices higher, rates lower. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell to a record low 3.06% with 0.33 in points and ...
08/12/2020
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Mortgage backed securities (MBS) market closed dowm 4 basis points today at 104.84 having closed 295points 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...
08/12/2020
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The NFIB Small Business Optimism Index fell modestly in July and is now at its historical average of 99. The NFIB said that overall, 4 of the 10 Index components improved, 5 declined, and 1 was unchanged. "This summer has been challenging for many small business owners who are working hard to kee...
08/11/2020
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Mortgage backed securities (MBS) market closed dowm 28basis points today at 105.06 having closed 318 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 ...
08/11/2020
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Mortgage backed securities (MBS) market closed up 3 basis points today at 105.28 having closed 348 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...
08/07/2020
