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2019
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Mortgage backed securities (MBS) closed up 12 basis 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, ...
03/15/2019
The Census Bureau reports that delayed January New Home sales fell nearly 7% from December to an annualized rate of 607,000 units versus the 623,000 expected. However, December was revised higher to 652,000 from 621,000. Sales also declined year-over-year by 4.1%. Sales fell in the Northeast, Mid...
03/14/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.22 having closed 85 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,...
03/14/2019
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Inflation at the wholesale level edged slightly higher in February led by higher gas prices though inflation remains contained. The February Producer Price Index (PPI) and Core rate both rose month-over-month by 0.1% just below the 0.2% expected further strengthening the low inflation environment...
03/13/2019
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.28 having closed 91 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,...
03/13/2019
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Inflation at the consumer level remained tame in February due in part to modest gains in the costs of food, gasoline and rents. The February Consumer Price Index rose month-over-month for the first time since October up 0.2%, in line with estimates. On an annual basis, CPI rose 1.5%, the smallest...
03/12/2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.34 having closed 98 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, ...
03/12/2019
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Comments
Mortgage backed securities (MBS) closed up 19 basis points today at 102.34 having closed 98 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, ...
03/12/2019
The consumer bounced back in January after weak sales numbers at retail outlets were reported in December. Retail sales grew 0.2% in January after the negative 1.6% reported in December. The drop in December could have been due to the partial government shutdown towards the end of December and th...
03/11/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.22 having closed 86 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,...
03/11/2019
