ARCHIVED BLOG POSTS
2019
This morning, JPMorgan Chase CEO Jamie Dimon said the U.S. economy should continue growing steadily but mentioned the big hurdles in Brexit, China and the government shutdown. He said if the Fed gets it right and if Congress can straighten out the shutdown, GDP could grow at a consistent 3% rate....
01/23/2019
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Mortgage backed securities (MBS) closed flat today at 101.72 having closed 40 points above support offered by the 200 day moving average. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, the Mid Atlant...
01/23/2019
The National Association of REALTORS® reports that Existing Home Sales fell 6.4% in December from November to an annual rate of 4.99 million annualized units versus the 5.25 million expected. Lower sales in December were due in part to higher mortgage rates in early December along with an ease in...
01/22/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 101.72 having closed 39 points above support offered by the 200 day moving average. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, t...
01/22/2019
The partial government shutdown, tariffs, unstable financial markets and fears of a global economic slowdown sent Consumer Sentiment lower this month. The University of Michigan's Consumer Sentiment Index fell to 90.7 from 98.3 in December and below the 96 expected. It was the lowest reading sinc...
01/18/2019
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Mortgage backed securities (MBS) closed down 16 basis points today at 101.66 having closed 33 points above support offered by the 200 day moving average. The conforming rate is at 4.625% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England...
01/18/2019
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The Mortgage Bankers Association (MBA) reports that applications to purchase new homes declined for the second month in a row in December. The MBAs Builder Application Survey fell 6.1% from a year ago while applications declined by 13% compared to November. Joel Kan, MBA's Associate Vice Presiden...
01/17/2019
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Mortgage backed securities (MBS) closed down 6 basis points today at 101.81 having closed 48 points above support offered by the 200 day moving average. The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, ...
01/17/2019
Declining mortgage rates lifted home builder confidence in January while low unemployment, strong job growth should support housing demand in the coming months, reports the National Association of Home Builders (NAHB). The NAHB Housing Market Index rose two points this month from December to 58, ...
01/16/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 101.88 having closed 54 points above support offered by the 200 day moving average. The conforming rate is at 4.50% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.50%. Whether in New England, ...
01/16/2019
