ARCHIVED BLOG POSTS
2019
The Fed's favorite inflation gauge, the Core Personal Consumption Expenditures (PCE) was unchanged year-over-year at 1.9% this morning as inflation remains in check. The Fed has forecasted that the Core PCE will stay close to current levels for three years out, which should hold interest rates re...
03/01/2019
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Mortgage backed securities (MBS) closed down 16 basis points today at 101.78 having closed 45 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...
03/01/2019
The Bureau of Economic Analysis (BEA) reported Gross Domestic Product rose 2.6% in the final three months of 2018, above estimates of 2% to 2.3% leaving 2018 at 2.9%, the biggest increase since 2015. Consumer spending was at a solid 2.8% clip in the quarter, though below the previous two quarters...
03/01/2019
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Mortgage backed securities (MBS) closed down 18 basis points today at 101.94 having closed 61 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...
03/01/2019
