ARCHIVED BLOG POSTS
2019
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After recent disappointing numbers from March housing starts and existing home sales, sales of new single-family homes surged in March due in part to lower mortgage rates and home prices. The Commerce Department reports that new home sales rose 4.5% in March from February to an annual rate of 692...
04/24/2019
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Mortgage backed securities (MBS) closed up 7 basis points today at 102.41 having closed 110 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, th...
04/24/2019
Housing data in March disappointed as the spring home buying season kicks off. The weak data comes despite low rates along with rising wages. Housing Starts fell 0.3% in March from February to an annual rate of 1.139 million units versus the 1.247 million expected. The year-over-year numbers were...
04/22/2019
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.34 having closed 86 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, ...
04/22/2019
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Consumer spending remained solid last month due in part to a strong labor market. March retail sales jumped 1.6% from February versus the 0.9% expected and was the largest gain in 18 months led by gains in auto sales and gasoline receipts. Retail Sales x-autos also surged by 1.2%, well above the ...
04/19/2019
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Mortgage backed securities (MBS) closed flat today at 102.44 having closed 96 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic...
04/19/2019
The spring homebuying season got off to a decent start though sales have somewhat eased this season. RE/MAX reports that home sales in March were up 29% from February though down 8.6% from a year earlier. RE/MAX reports that March 2019 was the 8th consecutive month of year-over-year declines and ...
04/17/2019
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Mortgage backed securities (MBS) closed flat today at 102.38 having closed 90 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic...
04/17/2019
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Home builders remained confident in the market for newly-built single-family homes in April though they continue to deal with affordability concerns due to a shortage of construction workers and buildable lots. The NAHB Housing Market Index rose one point this month to 63 where any number over 50...
04/16/2019
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Mortgage backed securities (MBS) closed down 2 basis points today at 102.41 having closed 94 points above support offered by the 200 day moving average. The conforming rate is at 4.25% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, t...
04/16/2019