ARCHIVED BLOG POSTS
2019
The National Association of REALTORS® (NAR) released its February 2019 U.S. Economic Outlook showing a decline in economic growth in 2019 while home price gains ease a bit. The NAR forecasts that Gross Domestic Product will rise 1.7% in 2019 from 3.1% in 2018 with a 1.6% increase in 2020. The med...
02/20/2019
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.12 having closed 80 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 4.375%. Whether in New England,...
02/20/2019
Declining mortgage rates along, frothy consumer confidence and a strong job market boosted home builder sentiment in February. The National Association of Home Builders reported on Tuesday that its Housing Market Index rose four points this month to 62, above the 59 expected. Any number over 50 i...
02/20/2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.19 having closed 87 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 4.375%. Whether in New England, ...
02/20/2019
This week is Fed week with the two open market committee beginning Tuesday morning and culminating at 2PM Wednesday with the Fed statement followed by Fed Chief Powell's news conference. It will be interesting to see what changes are made in Fed [policy after last month about face and return mor...
02/18/2019
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Bond markets were closed today in observance of President's Day. The day which is officially called Washington's birthday came into being in 1971 and now celebrates both Washington's and Lincoln's birthdays. Do you remember who was President in 1971? Well it was Richard Nixon, better know as "...
02/18/2019
Consumer sentiment pushed higher in early February due in part to end of the partial government shutdown and after the Federal Reserve signal that it will pause in raising interest rates. The Consumer Sentiment Index rose to 95.5 this month, up from 91.2 in January and above the 94 expected. With...
02/15/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.00 having closed 58 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 4.375%. Whether in New England,...
02/15/2019
Consumers held back on spending their hard-earned dollars in December as sales declined across all sectors in the retail space. Retail Sales fell 1.2% in December versus the +0.1% expected. It was the biggest decline in nine years. Lower prices at the gas pumps were a factor along with a plunge i...
02/15/2019
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Mortgage backed securities (MBS) closed up 12 basis points today at 102.03 having closed 69 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 4.375%. Whether in New England, ...
02/15/2019
