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2020
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Home borrowing costs hit records lows in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.71% this week from 2.72% last week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.68%. Sam Khater, Fre...
12/03/2020
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Mortgage backed securities (MBS) market closed up 3 basis points today at 103.69 having closed 159 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New En...
12/03/2020
Home prices continue to push higher spurred on by low rates and as demand for housing continues as many Americans work from home. CoreLogic reports that home prices nationwide, including distressed sales, rose by 7.3% in October 2020 compared with October 2019 and were up monthly by 1.1% in Octob...
12/01/2020
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Mortgage backed securities (MBS) market closed down 35 basis points today at 103.56 having closed 156 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New...
12/01/2020