ARCHIVED BLOG POSTS
2018
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Recent tax cuts and a strong labor market sent consumers on a spending spree in May as Americans doled out their hard-earned cash at gas stations, clothing stores and home improvement centers. May Retail Sales surged 0.8 percent from April, well above the 0.4 percent expected. From May 2017 to Ma...
06/14/2018
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Mortgage backed securities (MBS) closed up 25 basis points today at 101.66 having broken through resistance offered by the 25 day moving average and come to rest 9 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...
06/14/2018
Higher oil prices led wholesale prices higher in May as inflation pressures begin to build. The Producer Price Index (PPI) surged 0.5% in May from April, above the 0.3% rise expected. On an annual basis PPI jumped 3.1% from 2.6% in April and was the largest increase since January 2012. The Core P...
06/13/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.44 having remained below resistance offered by the 25 day moving average and come to rest 14 basis points below it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 milli...
06/13/2018
Small business optimism continued to reach new heights in May due in part to tax cuts and less regulations. The NFIB Small Business Optimism Index rose to 107.8 in May, the second highest reading in the survey's 45-year history. "Main Street optimism is on a stratospheric trajectory thanks to re...
06/12/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.47 having once again fallen through support offered by the 25 day moving average and come to rest 11 basis points below it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for ...
06/12/2018
he Federal Open Market Committee meeting kicks off on Tuesday and ends Wednesday at 2:00 p.m. ET with the release of the monetary policy statement and interest rate decision. The Fed is expected to raise the Fed Funds Rate by 0.25% to bring the benchmark rate to 2%. The hike is already baked int...
06/11/2018
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Mortgage backed securities (MBS) closed up 3 basis points today at 101.62 having once again broken through resistance offered by the 25 day moving average and come to rest 2 basis points above it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for ...
06/11/2018
Housing sentiment continued to strengthen in May, but high home prices complicate consumer purchase confidence, reports Fannie Mae. Higher home prices are due in part to limited inventories of homes for sales on many markets across the nation. The Fannie Mae Home Purchase Sentiment Index (HPSI) ...
06/08/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.59 having fallen below support offered by the 25 day moving average and come to rest 2 basis points below it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million wa...
06/08/2018
