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2018
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Home affordability in the first quarter of 2018 hit its lowest level since the third quarter of 2008 due in part to low inventories of homes for sale on the market along with rising mortgage rates. ATTOM Data Solutions reports that its Home Affordability Index fell to 95 from 102 in the first thr...
06/22/2018
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Mortgage backed securities (MBS) closed flat today at 101.72 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 5 basis points above the 50 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for...
06/22/2018
Mortgage rates edged lower over the past week and have now declined in three of the past four weeks. After a sharp run-up in the early part of 2018, mortgage rates have stabilized over the last three months, with only a modest uptick since March. Freddie Mac reports that the 30-year fixed-rate mo...
06/21/2018
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Mortgage backed securities (MBS) closed up 9basis points today at 101.72 having broken through resistance offered by the 10, 25 and 50 day moving averages and come to rest 2 basis points above the 10, 25 and 50 day averages. The 30 year was available at 4.625% day. My jumbo pricing is now sizzl...
06/21/2018
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The National Association of REALTORS® reported on Wednesday that Existing Home Sales declined for the second straight month in May. Existing Home Sales were down slightly by 0.4% from April to an annual rate of 5.43 million annualized units, below the 5.55 million expected. From May 2017 to May 2...
06/20/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.59 having fallen through support offered by the 10, 25 and 50 day moving averages and come to rest 2 basis points above the 10 and 25 day averages. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling...
06/20/2018
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The Commerce Department reported on Tuesday that new home construction surged in May to a near 11-year high led by both single- and multi-family dwellings. Housing Starts rose 5% in May from April to an annual rate of 1.350 million units, above the 1.323 million expected. From May 2017 to May 201...
06/19/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.72 having broken through resistance offered by the 50 day moving average and come to rest 1 basis point above it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million w...
06/19/2018
Renewed tariff woes with China are helping the U.S. Bond markets today while pushing the Dow Jones Industrial Average, S&P 500 and the NASDAQ lower as the week comes to an end. President Trump has approved tariffs on $50 billion worth of Chinese goods imported into the U.S. An official announceme...
06/15/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.66 having remained above support offered by the 25 day moving average and come to rest 8 basis points above it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was...
06/15/2018
