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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 up 3 basis points today at 103.50 having closed 289 points above support offered by 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 3.75%. Whether in New Eng...
05/22/2020
Nearly 39 million Americans have lost their jobs in the past nine weeks due to the economic shutdown. However, with many states reopening, Memorial Weekend upon us and the American spirit ready to go - the market response to the weak data is muted. Weekly Initial Jobless Claims came in at 2.438 m...
05/21/2020
Mortgage backed securities (MBS) market closed down 6 basis points today at 103.47 having closed 288 points above support offered by 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 3.75%. Whether in New E...
05/21/2020
Mortgage rates remained near record lows in the latest week during the uncertain times caused by the coronavirus pandemic. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage was at 3.41% with 0.33 in points for the week ended May 15, 2020. The MBA's Market Composi...
05/20/2020
Mortgage backed securities (MBS) market closed flat today at 103.53 having closed 296 points above support offered by 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 3.75%. Whether in New England, the Mid...
05/20/2020
The pandemic outbreak sent shock waves throughout the U.S. economy in March and April with the housing sector not immune from the carnage. The Commerce Department reports that April Housing Starts plunged 30.2% from March to an annual rate of 891,000 units. It was the lowest level of starts since...
05/19/2020
ortgage backed securities (MBS) market closed up 28 basis points  today at 103.53 having closed 298 points above support offered by 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 3.75%. Whether in New En...
05/19/2020
Promising trial tests from drug-maker Moderna for a coronavirus vaccine is lifting U.S. stocks to begin the week. The Dow Jones Industrial Average was up 900 points in early trading on the news. In addition, positive words on the U.S. economy from Fed Chair Powell on Sunday night on 60 minutes is...
05/18/2020
Mortgage backed securities (MBS) market closed down 13 basis points  today at 103.28 having closed 275 points above support offered by 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 3.75%. Whether in New...
05/18/2020
The pandemic induced shutdown put a big dent in retail stores across the nation with no sector left undamaged. April Retail Sales fell a record 16.4%, worse than the -12% expected. Gas stations, as well as restaurants and bars, were also impacted along with clothing stores while grocery stores sa...
05/15/2020
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