ARCHIVED BLOG POSTS
2018
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Mortgage backed securities (MBS) closed flat today at 100.12 having remained below resistance offered by the 10 day moving average and closed 19 points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million was at 4.6250%. Whether ...
10/16/2018
Price cuts for listed homes on the markets pushed higher in August and are more prevalent in higher-cost neighborhoods. Trulia reports that in August 2018, 17.2% of U.S. homes listed on the market had a price cut, up from 16.7% a year ago. That was the highest level since 2014. Given the fact tha...
10/15/2018
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Mortgage backed securities (MBS) closed flat today at 100.12 having remained below resistance offered by the 10 day moving average and closed 19 points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million was at 4.6250%. Whether ...
10/15/2018
Foreclosure activity continues to edge lower across the U.S. due in part to a strengthening economy and a strong labor market. ATTOM Data Solutions reported this week that foreclosure filings in the third quarter of 2018 fell 6% from the previous quarter and are down 8% from a year ago to the low...
10/12/2018
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Mortgage backed securities (MBS) closed down 16 basis points at today at 100.12 having remained bellow resistance offered by the 10 day moving average and closed 28 points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million was at...
10/12/2018
The consumer inflation reading Consumer Price index (CPI) rose 0.1% in September from August while the Core CPI also increased 0.1%, both below the 0.2% expected. Lower energy costs pushed prices lower. The annual CPI fell to 2.3% from 2.7% in August, down from 2.9% in July. The Core remained at ...
10/12/2018
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Mortgage backed securities (MBS) closed up 22 basis points at today at 100.28 having remianed bellow resistance offered by the 10 day moving average and closed 12 points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million was at 4...
10/12/2018
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Housing sentiment eased a bit in September due in part to higher home prices and interest rates, reports Fannie Mae. Fannie Mae released its Home Purchase Sentiment for September falling 0.3 points to 87.7, after the increase seen in August. The report shows an increase of those surveyed that now...
10/10/2018
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Mortgage backed securities (MBS) closed up 3 basis points at today at 100.06 having fallen through support offered by the 10 day moving average and closed 45points below it. The conforming rate is at 4.875% day. My jumbo pricing is now. sizzling! The 3.0 year jumbo for $1 million was at 4.6250%...
10/10/2018
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Small business optimism continues to hover near all-time highs with employment solid, owners bulked up on inventories while compensation increases set a new record. The NFIB Small Business Optimism Index edged slightly lower to107.9 in September, the third highest ever and just below the all-time...
10/09/2018
