ARCHIVED BLOG POSTS
2021
The jobs market continues to get back on solid footing after the shutdowns decimated the sector. ADP Private Payrolls will be released on Wednesday where it is expected that 400,000 jobs were created. The government's Jobs Report on Friday where it is expected that there were 680,000 new jobs in ...
06/28/2021
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Mortgage backed securities closed up 31 basis points today at 100.94 having closed 113 points below the 200 day moving average. The conforming rate is at 2.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
06/28/2021
Home borrowing costs jumped this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 3.02% this week from 2.93% last week with 0.7 in points and fees. A year ago at this time, the rate was 3.13%. It is up from 2.65% on January 7 of this yea...
06/24/2021
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Mortgage backed securities closed down 3 basis points today at 100.75 having closed 135 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the...
06/24/2021
A lack of supply coupled with higher prices cooled sales of single-family homes in May though demand continues to be strong for the overall housing market. May New Home Sales fell nearly 6% from April to an annualized rate of 769,000 units, the lowest pace in a year. Sales were up 9.2% from a yea...
06/23/2021
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Mortgage backed securities closed up 3 basis points today at 100.78 having closed 133 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
06/23/2021
Home builder sentiment fell in June due in part to rising material costs and supply chain constraints. The National Association of Home Builders reports that its Housing Market Index fell slightly to 81 from 83 in May for newly-built single-family homes. Any number over 50 indicates that more bui...
06/21/2021
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Mortgage backed securities closed down 28 basis points today at 100.47 having closed 160 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or th...
06/21/2021
Home borrowing costs inched lower this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.93% this week from 2.99% last week with 0.7 in points and fees. A year ago at this time, the rate was 3.13%. It is up from 2.65% on January 7 of th...
06/17/2021
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Mortgage backed securities closed up 41basis points today at 100.56 having closed 160 points below the 200 day moving average. The conforming rate is at 3.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.125%. Whether in New England, the Mid Atlantic or the M...
06/17/2021
