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

ARCHIVED BLOG POSTS

2020 

Americans filing for first-time unemployment benefits fell to their lowest level, albeit still at lofty levels, since the explosion in March. The Labor Department reports that Weekly Initial Jobless Claims rose by 1.1 million in the week ended August 1, versus the 1.4 million expected. It was the...
08/06/2020
Mortgage backed securities (MBS) market closed up 16 basis points today at 105.22 having closed 344 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...
08/06/2020
CoreLogic reports that home prices, including distressed sales, rose 4.9% year-over-year in June, up from the annual gain of 4.1% in May. Month over month, prices rose 1% from May 2020 to June 2020. Looking ahead, prices are expected to decline by 1%. Dr. Frank Nothaft of CoreLogic said, “Mortgag...
08/04/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 105.25 having closed 355 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...
08/04/2020
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