ARCHIVED BLOG POSTS
2019
Americans grew more upbeat on the US economy in early May after solid growth was recorded in the first quarter of 2019 along with a strong labor market. The Consumer Sentiment Index in early May rose to 102.4 this month, the highest level in 15 years though the survey was conducted before the rec...
05/17/2019
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Mortgage backed securities (MBS) down basis points today at 102.78 having closed 122 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 A...
05/17/2019
New residential home building increased in April as the low mortgage rate environment is helping to fuel a rebound in the housing market. The Census Bureau reports that housing starts rose 5.7% in April from March to an annual rate of 1.235 million units, above the 1.2 million expected, while Mar...
05/16/2019
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Mortgage backed securities (MBS) down 6 basis points today at 102.81 having closed 125 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 ...
05/16/2019
Home builder confidence jumped in May from April fueled by improved demand and ongoing low overall supply, reports the National Association of Home Builders (NAHB). The NAHB's Housing Market Index rose to 66 in May, above the 63 posted in April and to the best level since October 2018. However, t...
05/16/2019
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Mortgage backed securities (MBS) flat today at 102.88 having closed 132 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 th...
05/16/2019
The NFIB reports that its April Small Business Optimism Index remains at a historically very strong level, consistent with solid growth, keeping the economy at full employment and says there is recession in sight this year. NFIB President and CEO Juanita D. Duggan said, "The continued economic bo...
05/14/2019
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Mortgage backed securities (MBS) up 3 basis points today at 102.78 having closed 124 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...
05/14/2019
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Credit availability for mortgages rose in April with a big rise seen in the jumbo arena, reports the Mortgage Bankers Association (MBA). The MBAs Mortgage Credit Availability Index rose 2.1% in April to 186.0. A decline in the index indicates that lending standards are tightening while increases ...
05/13/2019
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Mortgage backed securities (MBS) up 9 basis points today at 102.75 having closed 121 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...
05/13/2019
