ARCHIVED BLOG POSTS
2021
Home borrowing costs spiked higher in the latest week but remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose 14 basis points to 2.79% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.65%. Sam Khater, Freddie Mac’s C...
01/14/2021
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Mortgage backed securities (MBS) market closed down 16 basis points today at 102.78 having closed 5 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 Atl...
01/14/2021
Home borrowing costs hit fresh record lows this week and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.65% this week with 0.7 in points and fees, the lowest since record-keeping began in 1971. A year ago at this time, the rate averaged 3....
01/11/2021
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Mortgage backed securities (MBS) market closed down 34 basis points today at 102.72 having closed 1 point 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 Atla...
01/11/2021
Mortgage rates remained at record lows in the latest survey though they have inched higher in the first couple of business days in January. The MBA reports that the 30-year fixed-rate mortgage fell four basis to 2.86% with 0.32 in points. The Market Composite Index, a measure of total mortgage l...
01/06/2021
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Mortgage backed securities (MBS) market closed down 25 basis points today at 103.44 having closed 82 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 A...
01/06/2021
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Mortgage backed securities (MBS) market closed down 25 basis points today at 103.69 having closed 110points 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 At...
01/05/2021