ARCHIVED BLOG POSTS
2021
Home borrowing costs declined in the latest week and remain at historically low levels. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell five basis points to 3.15% with 0.38 in points for the week ending July 2, 2021. The Market Composite Index fell 7%, the Purch...
07/07/2021
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Mortgage backed securities closed up 9 basis points today at 101.56 having closed 45 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the Mi...
07/07/2021
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Americans took the skies over the long holiday weekend with numbers not seen since before the shutdowns began in March 2020. The TSA says it screened nearly 2.2 million people nationwide on Friday, July 2 - the highest number since the start of the pandemic. That was also higher than the checkpoi...
07/06/2021
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Mortgage backed securities closed up 35 basis points today at 101.47 having closed 55 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
07/06/2021
The Bureau of Labor Statistics reports that there were 850,000 jobs created in June, above the 725,000 expected, while May was revised higher to 583,000 from 559,000. Here are some of the other details within the report. The Unemployment Rate ticked up to 5.9% from 5.7% while the U6 number, or to...
07/02/2021
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Mortgage backed securities closed up 19 basis points today at 101.19 having closed 84 points below the 200 day moving average. The conforming rate is at 2.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the ...
07/02/2021
