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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616
RECENT BLOG POSTS
Mortgage backed securities (MBS) market closed flat today at 104.31 having closed 61 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mi...
11/13/2020
Home borrowing costs continue to hover near record lows in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage rose six basis points to 2.84% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.75%. Sa...
11/12/2020
Mortgage backed securities (MBS) market closed up 25 basis points today at 104.31 having closed 63 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New E...
11/12/2020
The housing sector continues to send positive vibes around the country and has been a work horse for the U.S. economy since May. Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) rose 0.7 points in October to 81.7, rising for the third straight month. Due to the pandemic-induced sh...
11/09/2020
Mortgage backed securities (MBS) market closed down 31 basis points today at 104.31having closed 67 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New ...
11/09/2020
Home borrowing costs hit a record low in the latest survey and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.78% this week with 0.7 in points and fees. A year ago at this time, the rate averaged 3.69%. Sam Khater, Freddie Mac’s Chief Econo...
11/05/2020
Mortgage backed securities (MBS) market closed up 9 basis points today at 104.59 having closed 99 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New En...
11/05/2020
Election day is underway here in the states as stocks surge and are following through on yesterday's gains. At the same time, bond yields are ticking higher with the 10-year yield rising to .88% and has been on a steady rise for the past month. There are no economic reports due for release today ...
11/03/2020
Mortgage backed securities (MBS) market closed down 3 basis points today at 104.22 having closed 67 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New ...
11/03/2020
This is one of the biggest news weeks ever, with the General Election tomorrow, followed by October ADP and the Fed meeting on Wednesday, and the October Jobs Report on Friday. Throw in the continued fears of the coronavirus and you have a recipe for volatility. Stocks are higher and are trying t...
11/02/2020
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