ARCHIVED BLOG POSTS
2022
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Mortgage backed securities were down 59 basis points today at 99.25 having closed 621 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the...
04/29/2022
Home borrowing costs took a breather from their torrid pace higher inching lower this week. Freddie Mac reports that the 30-year fixed-rate mortgage slipped to 5.10% this week from 5.11% last week with an average 0.8 in points and fees. A year ago the rate was 2.98%. The 15-year rose to 4.38% fro...
04/28/2022
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Mortgage backed securities were up 3 basis points today at 99.64 having closed 585 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the Mi...
04/28/2022
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Mortgage backed securities were down 6 basis points today at 99.28 having closed 635 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the ...
04/22/2022
Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.11% this week from 5% last week with an average 0.8 in points and fees. A year ago the rate was 2.97%. The 15-year rose to 4.38% from 4.17%, also with a 0.8 p...
04/21/2022
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Mortgage backed securities were down 72 basis points today at 99.28 having closed 639 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the...
04/21/2022
Existing Homes Sales in March fell 2.7% from February to an annual rate of 5.77 million units versus the 5.80 million expected, reports the National Association of REALTORS®. It was the second straight monthly loss, with declines seen in three of the four major regions across the U.S. Sales were ...
04/20/2022
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Mortgage backed securities were up 38 basis points today at 99.94 having closed 580 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the M...
04/20/2022
Wholesale inflation jumped to the highest level in the cycle history as producers are paying more for goods and services that they sell to consumers. The Producer Price Index rose 1.4% in March from February while the year over year number jumped 11.2%. The Core rate, which strips out food and en...
04/13/2022
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Mortgage backed securities were up 193 basis points today at 100.62 having closed 521 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the...
04/13/2022
