ARCHIVED BLOG POSTS
2022
The New York Fed released its Survey of Consumer Expectations for February revealing that consumer spending growth expectations spiked, while inflation expectations edge back up. The findings show that median one-year-ahead inflation expectations increased to 6.0% in February from 5.8% in January...
03/14/2022
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Mortgage backed securities down 88 basis points today at 98.72 having closed 484 points below the 200 day moving average. The conforming rate is at 3.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.625%. Whether in New England, the Mid Atlantic or the Midwes...
03/14/2022
After a brief pause and slip last week, mortgage rates rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose nine basis points to 3.85% with 0.8 in points and fees. The 15-year rose to 3.09% from 3.01% also with 0.8 in points and fees. "O...
03/10/2022
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Mortgage backed securities down 22 basis points today at 100.00having closed 362 points below the 200 day moving average. The conforming rate is at 3.375% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.50%. Whether in New England, the Mid Atlantic or the Midwes...
03/10/2022
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Fannie Mae's Home Purchase Sentiment Index (HPSI) reveals that more consumers expect mortgage rates and home prices to rise even further. Fannie said that on net, the ‘Good Time to Buy” component remains near its recently established record low. The report went on to say that respondents continue...
03/07/2022
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Mortgage backed securities down 35 basis points today at 100.75 having closed 295 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 Midwe...
03/07/2022
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After last week's pause, home borrowing costs rose again in the latest survey with the higher rates and lofty homes slowing demand a bit. The MBA reports that the 30-year fixed-rate mortgage rose nine basis points to 4.15% with 0.44 in points for the week ending February 25. Within the data it sh...
03/02/2022
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Mortgage backed securities down 100 basis points today at 10-.59 having closed 315 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 Midw...
03/02/2022
CoreLogic reports that home prices nationwide, including distressed sales, rose 19.1% in January 2022 compared with January 2021, the highest level in at least 45 years. Monthly, prices rose 1.4% in January 2022 from December 2021. Looking ahead, prices are expected to rise by 0.2% from January 2...
03/01/2022
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Mortgage backed securities up 44 basis points today at 101.50 having closed 225 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 Midwest...
03/01/2022
