RECENT BLOG POSTS
0
Comments
Mortgage backed securities (MBS) market closed up 22 basis points today at 103.94 having closed 141points 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...
12/31/2020
1
Comments
The housing sector continues to produce solid gains due in part to the ultra-low rate environment. The October S&P Case-Shiller 20-City Index rose 7.9% annually, up from a gain of 6.6% in September. And where the numbers are somewhat backward-looking, the headlines garnered attention. The Nation...
12/29/2020
0
Comments
Mortgage backed securities (MBS) market closed up 3 basis points today at 103.62 having closed 115 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 Atla...
12/29/2020
Sales of new-single family houses fell in November from October due in part to affordability issues. The Census Bureau reports that New Home Sales fell 11% in November from October to an annual rate of 841,000 units. That is below the 990,000 expected. Sales were up nearly 21% from November 2019...
12/23/2020
0
Comments
Mortgage backed securities (MBS) market closed down 9 basis points today at 103.44 having closed 105 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 At...
12/23/2020
0
Comments
The National Association of REALTORS® reports that Existing Home Sales declined 2.5% in November from October to an annual rate of 6,690,000 units versus the 6,800,000 expected. Sales were up a whopping 25.8% from a year ago (November 2019, 5,320,000). The median home sales price for all housing...
12/22/2020
0
Comments
Mortgage backed securities (MBS) market closed up 9 basis points today at 103.53 having closed 115 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 Atla...
12/22/2020
0
Comments
Mortgage backed securities (MBS) market closed down 3 basis points today at 103.56 having closed 121 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 At...
12/18/2020
The housing sector continues to be a beacon of light for the U.S. economy boosted in part by low borrowing costs. The U.S. Census Bureau reports that Housing Starts rose 1.2% from October to an annual rate of 1,547,000 units versus the 1,530,000 expected. Multi-family construction rose 8% while ...
12/17/2020
0
Comments
Mortgage backed securities (MBS) market closed up 6 basis points today at 103.59 having closed120 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 Atlan...
12/17/2020