ARCHIVED BLOG POSTS
2020
Mortgage rates continued to hit record lows in the latest survey which is spurring on homebuyer demand. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 3.03% with 0.8 in points and fees. A year ago, the rate was 3.75%. Freddie Mac said that 'the summer is heating up as record-low...
07/09/2020
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Mortgage backed securities (MBS) market closed up 9 basis points today at 104.62 having closed 338 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
07/09/2020
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Mortgage rates inched lower in the latest week as the Federal Reserve continues to stabilize the market in an effort to keep borrowing costs low. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell to a survey low of 3.26% with .35 in points. The Market Composite In...
07/08/2020
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Mortgage backed securities (MBS) market closed up 6 basis points today at 104.53 having closed 332 points above support offered by the 200 day moving average. The conforming rate is at 2.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New En...
07/08/2020
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Treasury prices closed near unchanged in yesterday's holiday shortened session. The 10-yr yield was at .67% in quiet trading. Stocks are higher on strong jobs data amid virus fears. Bonds closed at 2:00 p.m. ET, stocks at regular time, 4:00 p.m. ET. All markets are closed today in observance of I...
07/03/2020
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Mortgage backed securities (MBS) market closed up 3 basis points today at 104.16 having closed 303 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New Eng...
07/02/2020
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The labor markets continue to hear positive news as many states have reopened and Americans slowly return to work. ADP Private Payrolls rose by 2.37 million in June versus the 3.5 million expected. The May number was revised higher to a gain of 3.065 million from the 2.76 million loss. Gains were...
07/01/2020
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Mortgage backed securities (MBS) market closed down 9 basis points today at 104.12 having closed 302 points above support offered by the 200 day moving average. The conforming rate is at 2.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.75%. Whether in New E...
07/01/2020
