ARCHIVED BLOG POSTS
2019
Mortgage rates inched higher this week and have steadily increased since September. Freddie Mac reports that the 30-year fixed-rate mortgage rose five basis points this week to 3.73% with 0.7 in points and fees. In early September the rate was 3.49%. Freddie Mac says, "The risk of an economic dow...
12/12/2019
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Mortgage backed securities (MBS) closed down 19 basis points today at 102.53 having closed 60 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...
12/12/2019
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Mortgage rates were essentially unchanged in the latest week and remain just above historic lows, reports the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage rose one basis point to 3.98% with 0.33 points in the week ending December 6, 2019. The Market Composite Index, a measu...
12/11/2019
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Mortgage backed securities (MBS) closed up 19 basis points today at 102.75 having closed 83 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, ...
12/11/2019
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The good news continues to stream in from the small business sector of the economy. The NFIB Small Business Optimism Index saw its largest month-over-month gain since May 2018, up 2.3 points to 104.7 in November. The NFIB said that overall, the Main Street economic machine continued to push the e...
12/10/2019
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Mortgage backed securities (MBS) closed down 6 basis points today at 102.53 having closed 62 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,...
12/10/2019
The housing sector continues to receive positive news and is being supported by strong employment along with low mortgage rates. Fannie Mae released its November Home Sentiment Index showing that it rose 2.7 points to 91.5, revising the decline from October and re-approached the survey high set i...
12/09/2019
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Mortgage backed securities (MBS) closed down 13basis points today at 102.59 having closed 69 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,...
12/09/2019
And the survey says ... 266,000 new jobs created in November, crushing expectations of 182,000 as the strong labor market marches on. September and October payroll growth were revised higher by a total of 41,000 lifting the three-month job creation average to a solid 205,000. A 266,000 print alon...
12/06/2019
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Mortgage backed securities (MBS) closed up 6 basis points today at 102.72 having closed 84 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...
12/06/2019
