ARCHIVED BLOG POSTS
2018
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The NFIB Small Business Optimism Index remains historically high as sales and profits maintained strength in June. The Small Business Optimism Index hit 107.2 in June, down 0.6 from May, its sixth highest reading in survey history. "The first six months of the year have been very good to small bu...
07/10/2018
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.91 having remained below support offered by the 100 day moving average and come to rest 6 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 ...
07/10/2018
Sentiment in the home purchase market slipped in June from May, reports Fannie Mae. The Fannie Mae Home Purchase Sentiment Index (HPSI) fell 1.6 points in June from May to 90.7. The net share of Americans who said now is a good time to purchase a home was unchanged. Americans expressed a decrease...
07/09/2018
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.94 having fallen through support offered by the 100 day moving average for the first time in months and come to rest 3 basis points below it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The...
07/09/2018
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The Bureau of Labor Statistics reports that Non-Farm Payrolls rose by 213,000 in June, above the 195,000 expected. April and May were revised higher by a total of 37,000. The Labor Force Participation Rate edged higher to 62.9 from 62.7 as more Americans entered the labor force. On the negative s...
07/06/2018
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.06 having broken through resistance offered by the 100 day moving average for the first time in months and come to rest 6 basis points above it. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! Th...
07/06/2018
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After rising throughout the first five months of 2018, mortgage rates declined in the latest week and have declined in five of the past six weeks. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 4.52% this week from the 4.55% seen last week with an average 0.50 in points and fees...
07/05/2018
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Mortgage backed securities (MBS) closed flat basis points today at 101.97 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 1 basis point below the 100 day average after having broken above it during the day. The 30 year was available at 4.625% day. ...
07/05/2018
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Home prices continue to rise due in part to a shortage of homes for sale on the market. CoreLogic reports that home prices, including distressed sales, rose 7.1% from May 2017 to May 2018, up 1.1% month over month from April to May. Looking ahead, CoreLogic forecasts that home prices will rise 5....
07/03/2018
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Mortgage backed securities (MBS) closed up 19 basis points today at 101.97 having remained above support offered by the 10, 25 and 50 day moving averages and come to rest 1 basis point below the 100 day average. The 30 year was available at 4.625% day. My jumbo pricing is now sizzling! The 30 ...
07/03/2018
