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2020
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The MBA reports that mortgage rates remained at record lows in the latest week which continues to support the housing market. The 30-year fixed-rate mortgage held at a record low 3.0% with 0.32 in points for the week ending October 9, 2020. The Market Composite Index, a measure of total mortgage ...
10/14/2020
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Mortgage backed securities (MBS) market closed up 6 basis points today at 104.50 having closed 130 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 3.25%. Whether in New En...
10/14/2020
Home borrowing costs remained at low levels in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage was essentially unchanged this week at 2.87% with 0.8 in points and fees. A year ago at this time, the rate averaged 3.57%. “The year-...
10/08/2020
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Mortgage backed securities (MBS) market closed down 6 basis points today at 104.75 having closed 164 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 3.25%. Whether in New ...
10/08/2020
Mortgage rates continued to remain at record low levels in the latest survey while mortgage application activity increased. The MBA reports that the 30-year fixed-rate mortgage fell by four basis points to 3.01% with 0.37 in points for the week ended October 2, 2020. The Market Composite Index, a...
10/07/2020
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Mortgage backed securities (MBS) market closed up 3 basis points today at 104.81 having closed 173 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 3.25%. Whether in New En...
10/07/2020
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The housing sector continues to produce positive headlines due in part to low rates along with an improving labor market. CoreLogic reports that home prices, including distressed sales, rose 5.9% from August 2019 to August 2020. It was the highest level since June 2018. Monthly, prices rose 1% fr...
10/06/2020
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Mortgage backed securities (MBS) market closed up 12 basis points today at 104.78 having closed 173 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 3.25%. Whether in New E...
10/06/2020
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After being decimated during the pandemic-induced shutdowns in late March, April and May, the service sector continues to rebound across the nation. The ISM Service Index rose to 57.8 in September from 56.9 in August and above the 57.3 seen pre-pandemic in February. ISM spokesperson Anthony Nieve...
10/05/2020
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Mortgage backed securities (MBS) market closed down 19 basis points today at 104.62 having closed 160 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 3.25%. Whether in New...
10/05/2020
