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2021
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Mortgage backed securities closed down 28 basis points today at 100.88 having closed 158 points below the 200 day moving average. The conforming rate is at 2.750% 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 t...
05/11/2021
Home borrowing costs inched lower this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points to 2.98% with 0.6 in points and fees. A year ago at this time, the rate was 3.26%. It is up from 2.65% on January 7 of this year. Sam K...
05/06/2021
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Mortgage backed securities closed up 6 basis points today at 101.19 having closed 130 points below the 200 day moving average. The conforming rate is at 2.750% 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 ...
05/06/2021
Home borrowing costs were essentially unchanged in the latest week and remain at historically low levels. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage rose to 3.18% from 3.17% with 0.34 in points for the week ended April 30, 2021. The Market Composite Index, a mea...
05/05/2021
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Mortgage backed securities closed up 12 basis points today at 101.12 having closed 138 points below the 200 day moving average. The conforming rate is at 2.750% 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...
05/05/2021
Pent-up demand, low rates and tight inventories sent home prices considerably higher in March as the sector continues to shine. CoreLogic reports that home prices, including distressed sales, rose 11.3% year over year in March and were up 2% monthly from February to March. The 11.3% increase was ...
05/04/2021
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Mortgage backed securities closed up flat today at 101.00 having closed 150 points below the 200 day moving average. The conforming rate is at 2.750% 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 Midwest or...
05/04/2021
