ARCHIVED BLOG POSTS
2019
Consumer inflation remained tame in September as increases in costs for food and rent were offset by declines in energy prices. The Labor Department reported that the Consumer Price Index (CPI) was unchanged in September and was the weakest read since January. The so-called Core CPI, which strips...
10/10/2019
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Mortgage backed securities (MBS) closed down 19 basis points today at 102.47 having closed 107 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Engla...
10/10/2019
Reports this morning suggest that Chinese officials are open to a partial trade deal along with China offering to increase purchases of soybeans from the US. Trade talks kick off tomorrow on Capitol Hill with Treasury Secretary Steven Mnuchin and USTR Robert Lighthizer meeting with Chinese Vice P...
10/09/2019
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Mortgage backed securities (MBS) closed down 12 basis points today at 102.66 having closed 128 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New Engla...
10/09/2019
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Small business optimism remained strong in September though it did decline in September due in part to the global trade issues. The NFIB Small Business Optimism Index fell 1.3 points to 101.8. September's figure falls within the top 20% of all readings in the index's 46-year history. “As small bu...
10/08/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.78 having closed 151 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
10/08/2019
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Fannie Mae's Home Purchase Sentiment Index (HPSI) for September reveals that consumers' economic and financial concerns kept housing confidence in check. The Home Purchase Sentiment Index fell 2.3 points in September to 91.5, retreating from a survey high in August. Three of the six HPSI componen...
10/07/2019
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Mortgage backed securities (MBS) closed flat today at 102.72 having closed 145 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atla...
10/07/2019
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And the survey says: 136K jobs were created in September which was just below expectations of 145,000. Inside the report it was mostly upside surprises. First, there were solid upward revisions for the previous two months, adding 45,000 jobs to what was originally reported. The unemployment rate ...
10/04/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.78 having closed 145 points above support offered by the 200 day moving average. The conforming rate is at 3.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England,...
10/04/2019
