ARCHIVED BLOG POSTS
2022
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Mortgage backed securities closed down 28 basis points today at 101.22 having closed 284 points below the 200 day moving average. The conforming rate is at 3.25% 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 t...
02/08/2022
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Mortgage backed securities closed up 9 basis points today at 101.50 having closed 256 points below the 200 day moving average. The conforming rate is at 3.25% 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...
02/07/2022
After four weeks of increases, mortgage rates are unchanged this week and hover to near levels seen in late March of 2020, though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose held at 3.55% with 0.8 in points and fees. The record low was 2.65% on Janu...
02/03/2022
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Mortgage backed securities closed down 34 basis points today at 101.81 having closed 229 points below the 200 day moving average. The conforming rate is at 3.25% 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...
02/03/2022
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Mortgage backed securities closed up 12 basis points today at 102.16 having closed 195 points below the 200 day moving average. The conforming rate is at 3.25% 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 ...
02/02/2022
Economic activity in the manufacturing sector rose last month as the overall economy has now risen 20 months in a row. The ISM Index for January declined to 57.6 from 58.8 in December and was inline with expectations. A reading above 50 signals that the manufacturing economy is generally expandin...
02/01/2022
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Mortgage backed securities closed up 34 basis points today at 102.03 having closed 210 points below the 200 day moving average. The conforming rate is at 3.25% 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 ...
02/01/2022
