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2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.81 having closed 142 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 4.125%. Whether in New England...
03/25/2019
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Mortgage rates continued to decline in the latest survey due in part to low inflation levels, a slowing global economy along with a dovish tone from the Federal Reserve. Freddie Mac reports that the 30-year fixed-rate mortgage fell three basis points to 4.28% with an average 0.40 in points and fe...
03/21/2019
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.62 having closed 124 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 4.125%. Whether in New England,...
03/21/2019
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Mortgage rates continued to edge lower in the latest week due to ongoing low inflation levels coupled with slowing global growth. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell nine basis points to 4.55% for the week ending March 15. That rate carries 0.42 in p...
03/20/2019
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Mortgage backed securities (MBS) closed up 28 basis points today at 102.59 having closed 121 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,...
03/20/2019
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Foreclosure activity continued to decrease in February due in part to rising wages and a strong labor market. ATTOM Data Solutions reports that foreclosure filings - default notices, scheduled auctions and bank repossessions - declined 3% from January to February and were down 11% from February 2...
03/19/2019
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Mortgage backed securities (MBS) closed flat today at 102.34 having closed 96 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, the Mid Atlant...
03/19/2019
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Home builder confidence remained steady in early March due in part to lower price points along with increased affordability of affordably priced homes. The National Association of Home Builders reports that its Housing Market Index came in at 62 versus 63 expected and matched the 62 reading in Fe...
03/18/2019
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Mortgage backed securities (MBS) closed flat points today at 102.34 having closed 96 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, the Mid...
03/18/2019
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The week comes to an end with little fanfare in the absence of any major headlines. In economic news, manufacturing activity in the New York State region came in below expectations though the employment component increased. Preliminary March Consumer Sentiment came in at 87.8, beating estimates. ...
03/15/2019