ARCHIVED BLOG POSTS
2019
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The second reading on Q3 Gross Domestic Product (GDP) rose to 2.1% from 1.9%. Within GDP it showed that consumer spending rose a solid 2.9%. The holiday shopping season is expected to robust given the strong job market and a healthy consumer. However, business investments slid in Q3.October Durab...
11/29/2019
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Mortgage backed securities (MBS) closed up 7 basis points today at 102.66 having closed 86 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 4.125%. Whether in New England, t...
11/29/2019
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Here is my Thanksgiving poem. I hope you enjjoy it and feel free to share it with friends and family as you wish. Thanksgiving There are so many things to be thankful forWhere might I begin?Little faces to adoreAnd finally tucking them in Little boys and little girlsTo perpetuate our raceSimp...
11/27/2019
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.62 having closed 81 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 4.125%. Whether in New England,...
11/27/2019
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The Census Bureau reports that sales of new single-family homes declined in October while September was revised higher. New Home Sales fell 0.7% last month to an annual rate of 733,000 units, above the 710,000 expected while September was revised higher to 738,000 from 701,000. The 738,000 in Sep...
11/26/2019
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Mortgage backed securities (MBS) closed down 3 basis points today at 102.69 having closed 89 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 4.125%. Whether in New England,...
11/26/2019
The Mortgage Bankers Association reports that independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated, up from $1,675 per loan in Q2 2019. The $1,924 is near a seven-year high. In addition, the average loan balance for fir...
11/25/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.69 having closed 91 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 4.125%. Whether in New England, t...
11/25/2019
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I will never forget that day. It was a Friday and we had shortened classes that day and a late lunch in advance of games with visiting teams from other schools. I was 13 years old and a freshman at Deerfield Academy in Deerfield, Massachusetts. I was in Latin class as the chilling announcement...
11/22/2019
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Mortgage backed securities (MBS) closed flat today at 102.62 having closed 85 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 4.125%. Whether in New England, the Mid Atlant...
11/22/2019
