ARCHIVED BLOG POSTS
2021
Concerns surrounding the Delta variant in early August dented consumer confidence while a slight rise in food prices also contributed towards the decline. The Conference Board reports that the Consumer Confidence Index fell to 113.8 in August from 125.1 in July. Spokesperson Lynn Franco said, "Wh...
08/31/2021
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Mortgage backed securities closed down 22 basis points today at 101.31 having closed 37 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
08/31/2021
In this unofficial last week of the summer, key economic data will be released that will be closely watched by investors and Federal reserve members. ADP Private Payrolls will be released on Wednesday morning and the Jobs Report on Friday for the August data. The numbers will be especially watche...
08/30/2021
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Mortgage backed securities closed up 19 basis points today at 101.53 having closed 16 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the M...
08/30/2021
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Home borrowing costs declined modestly in the latest week and remain just above record lows. The Mortgage Bankers Association (MBA) reports that the 30-year fixed-rate mortgage fell three basis points to 3.03% with 0.29 in points for the week ending August 20, 2021. Within the report it showed th...
08/25/2021
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Mortgage backed securities closed down 12 basis points today at 101.12 having closed 60 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
08/25/2021
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Sales of new single-family homes were up in July from June which was revised higher. New Home Sales rose by 708,000 in July from the 701,000 recorded in June and just above the 700,000 expected. Sales were down nearly 28% from the July 2020 reading of 972,000. The median sales price of new houses...
08/24/2021
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Mortgage backed securities closed down 16 basis points today at 101.25 having closed 48 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
08/24/2021
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First-time unemployment claims fell to a post-shutdown low in the latest week as the sector continues to get back to full strength. At present, there are 10.1 million jobs available across the nation, according to the Bureau of Labor Statistics. Weekly Initial Jobless Claims fell to 348,000 for t...
08/20/2021
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Mortgage backed securities closed down 12 basis points today at 101.25 having closed 51 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the ...
08/20/2021
