ARCHIVED BLOG POSTS
2019
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Mortgage backed securities (MBS) 3 basis points today at 102.91 having closed 130 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid A...
05/29/2019
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Mortgage backed securities (MBS) down 9 basis points today at 102.84 having closed 125points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...
05/24/2019
Sales of new homes declined from March to April though the numbers in March were revised higher. The Census Bureau reports that new home sales fell nearly 7% in April from March though were above the 665,000 expected. Sales rose by 7% from April 2018 to April 2019. Sales losses were seen across t...
05/23/2019
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Mortgage backed securities (MBS) up 16 basis points today at 102.94 having closed 136 points above support offered by the 200 day moving average. The conforming rate is at 4.125% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the M...
05/23/2019
Low mortgage rates along with seasonal increases in home sales continued to boost prepayments in April, reports Black Knight. After a slow start to the year, the national delinquency rate declined in April by 5% from March to 3.47%, the lowest level since record keeping began in 2000. The report ...
05/22/2019
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Mortgage backed securities (MBS) up 9 basis points today at 102.78 having closed 120 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid At...
05/22/2019
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The National Association of REALTORS® (NAR) reports that existing-home sales declined 0.4% in April from March to an annual rate of 5.19 million units versus the 5.35 million expected. Sales were lower by 4.4% from April 2018 to April 2019. Sales declined in the Northeast and South with gains see...
05/21/2019
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Mortgage backed securities (MBS) flat today at 102.69 having closed 112 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mid Atlantic or the...
05/21/2019
Fannie Mae released its May Economic & Housing Outlook last week saying that strong demand along with improved affordability points to a rebound in the housing market in 2019. Fannie Mae went on to say, "Pending sales and purchase mortgage applications are trending upward, while the lower mortgag...
05/21/2019
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Mortgage backed securities (MBS) down 12 basis points today at 102.69 having closed 112 points above support offered by the 200 day moving average. The conforming rate is at 4375% day. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.25%. Whether in New England, the Mi...
05/21/2019
