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2022
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Small business owners are feeling the pinch of inflation which is on top of trying to find qualified workers to fill positions. The NFIB Small Business Optimism Index decreased in March by 2.4 points to 93.2, the third consecutive month below the 48-year average of 98. The NFIB said, "Thirty-one ...
04/12/2022
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Mortgage backed securities were up 53 basis points today at 100.44 having closed 542 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or the ...
04/12/2022
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Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.72% this week from 4.67% last week with an average 0.8 in points and fees. A year ago the rate was 3.13%. The 15-year rose to 3.91% from 3.83%, also with a 0....
04/08/2022
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Mortgage backed securities were down 384 basis points today at 100.59 having closed 534 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or t...
04/08/2022
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Mortgage backed securities were down 84 basis points today at 101.03 having closed 499 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or th...
04/08/2022
CoreLogic reports that home prices nationwide, including distressed sales, rose a record 20% in February 2022 compared with February 2021, up monthly by 2.2% in February 2022 compared with January 2022. Looking ahead, home prices are expected to increase monthly by 0.6% from February to March and...
04/05/2022
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Mortgage backed securities were down 84 basis points today at 101.03 having closed 499 points below the 200 day moving average. The conforming rate is at 4.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.375%. Whether in New England, the Mid Atlantic or th...
04/05/2022
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Mortgage backed securities were flat today at 101.75 having closed 4261 points below the 200 day moving average. The conforming rate is at 3.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic or the Midwest or any...
04/04/2022
The Bureau of Labor Statistics reports that there were 431,000 jobs created in March, below the 490,000 expected. This is down from 750,000 in February which was revised up from 678,000. The Unemployment Rate fell to 3.6%, the lowest since the 3.5% recorded in February 2020. Payrolls are still 1....
04/01/2022
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Mortgage backed securities were down 12 basis points today at 101.75 having closed 431 points below the 200 day moving average. The conforming rate is at 3.75r% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.125%. Whether in New England, the Mid Atlantic or th...
04/01/2022
