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

ARCHIVED BLOG POSTS

2021 

Mortgage backed securities closed up 16 basis points today at 102.00 having closed 92 points below 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 England, the Mid Atlantic or the M...
02/17/2021
 Home borrowing costs were unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage held steady at 2.73% with 0.7 in points and fees. A year ago at this time, the rate averaged 3.47%. Sam Khater, Freddie Mac’s Chief Economist. “New COVID-...
02/12/2021
Mortgage backed securities closed down 28 basis points today at 102.56 having closed 36 points below 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 England, the Mid Atlantic or the...
02/12/2021
 Home borrowing costs were unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage held steady at 2.73% with 0.7 in points and fees. A year ago at this time, the rate averaged 3.47%. Sam Khater, Freddie Mac’s Chief Economist. “New COVID-...
02/11/2021
Mortgage backed securities closed down 3 basis points today at 102.94 having closed 3 points above 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 England, the Mid Atlantic or the M...
02/11/2021
 Mortgage rates remained at record lows in the latest survey but inched higher last week. The MBA reports that the 30-year fixed-rate mortgage rose four basis points to 2.96% with 0.36 in points for the week ended February 5, 2021. The Market Composite Index, a measure of total mortgage loan appl...
02/10/2021
Mortgage backed securities closed down 3 basis points today at 102.94 having closed 3 points above 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 England, the Mid Atlantic or the M...
02/10/2021
 The NFIB (National Federation of Independent Business) reports that small business optimism dropped further below the historical index average of 98 in January to 95. On the prospects of a $15 minimum wage, Jeff Brabant, NFIB Manager of Federal Government Relations said, "Unlike big businesses, ...
02/09/2021
Mortgage backed securities closed up 9 basis points today at 103.12 having closed 22 points above 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 England, the Mid Atlantic or the Mi...
02/09/2021
 The housing sector continues to be a bright light for the U.S. economy due in part to ultra-low rates. Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) rose by 3.7 points to 77.7 in January from December. The GSE (government-sponsored-entity) said that consumers reported a signif...
02/08/2021
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