ARCHIVED BLOG POSTS
2019
Mortgage rates continued to edge lower in the latest week to low levels seen a year ago. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell four basis points to 4.65% with an average 0.43 in points. Lower rates didn't push mortgage application activity higher as th...
02/13/2019
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Mortgage backed securities (MBS) closed down 12 basis points today at 101.91 having closed 59 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...
02/13/2019
The January NFIB Small Business Optimism Index (-3.2 points to 101.2) retreated a touch, though above historic averages, as owners expressed concern about future economic growth. However, hiring, hiring plans and job openings remained strong while inventory and capital spending were solid. NFIB P...
02/12/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.06 having closed 75 points above support offered by the 200 day moving average. The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England,...
02/12/2019
Homes selling above list prices continued to decline in the second half of 2018 and fell to a three-year low in the month of December. This follows many years where prices progressively sold above their listed price. Zillow reports that 19.4% of homes sold above list price in December, the lowest...
02/11/2019
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Mortgage backed securities (MBS) closed down 9 basis points today at 102.19 having closed 88 points above support offered by the 200 day moving average. The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England,...
02/11/2019
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Higher household incomes in January pushed home purchase sentiment higher during the month, reports Fannie Mae. The Home Purchase Sentiment Index rose 1.2 points to 84.7 last month though it lower by 4.8 points compared with the same time last year.Fannie Mae's report revealed that there was an 8...
02/08/2019
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Mortgage backed securities (MBS) closed up 10 basis points today at 102.16 having closed 85 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, ...
02/08/2019
Mortgage rates continued to decline this week and are at the lows seen in April 2018. Freddie Mac reports that the 30-year fixed-rate mortgage fell five basis points to 4.41% with an average 0.40 in points and fees. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates are essentially ...
02/08/2019
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Mortgage backed securities (MBS) closed up 9 basis points today at 102.25 having closed 94 points above support offered by the 200 day moving average. The conforming rate is at 4.375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, t...
02/08/2019
