ARCHIVED BLOG POSTS
2019
Mortgage rates edged lower in the latest week and are now at three-year lows, reports the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage fell seven basis points in the week ended August 30, 2019 to 3.87% with points decreasing to 0.34 from 0.38. In addition, the Market Compos...
09/04/2019
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.88 having closed 201 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, t...
09/04/2019
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CoreLogic reports that home prices rose 3.6% from July 2018 to July 2019 while there was a 0.5% increase month-over-month from June to July. Home prices are expected to increase by 5.4% from July 2019 to July 2020. “Sales of new and existing homes this July were up from a year ago, supported by l...
09/03/2019
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Mortgage backed securities (MBS) closed up 3 basis points today at 102.81 having closed 197 points above support offered by the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.00%. Whether in New England, t...
09/03/2019
