ARCHIVED BLOG POSTS
2022
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Mortgage backed securities were up 16 basis points today at 101.75 having closed 251 points below the 200 day moving average. The conforming rate is at 5.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid A...
07/29/2022
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Mortgage backed securities were up 56 basis points today at 101.59 having closed 270 points below the 200 day moving average. The conforming rate is at 5.50% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 4.875% with no points!. Whether in New England, the Mid A...
07/28/2022
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Mortgage rates fell in the MBA's latest survey with borrowing costs up 44% from a year ago. The 30-year fixed-rate mortgage fell to 5.74% from 5.82% with 0.61 points for the week ended July 22, 2022. Within the data it showed that the Market Composite Index, a measure of total mortgage applicatio...
07/27/2022
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Mortgage backed securities were up 47 basis points today at 101.03 having closed 330 points below the 200 day moving average. The conforming rate is at 5.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.00% with no points!. Whether in New England, the Mid A...
07/27/2022
The U.S. Census Bureau reports that New Home Sales fell 8.1% from May to an annual rate of 590,000 units versus 660,000 expected. Sales 17.4% from June 2021. The median sales price of a new home rose 7.4% from a year earlier, to $402,400 but down from $457,000 seen in April. Sales fell in the Nor...
07/26/2022
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Mortgage backed securities were down 19 basis points today at 100.56 having closed 381 points below the 200 day moving average. The conforming rate is at 5.625% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.00% with no points!. Whether in New England, the Mid...
07/26/2022
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As the week kicks off, investors will be awaiting the two-day Fed meeting, Core PCE inflation data, the first read on Q2 Gross Domestic Product along with a boatload of Treasury supply are a few obstacles that the markets will be dealing with this week.Fed members will kick off their meeting on T...
07/25/2022
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Mortgage backed securities were down 3basis points today at 100.78 having closed 362 points below the 200 day moving average. The conforming rate is at 5.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 5.00% with no points!. Whether in New England, the Mid A...
07/25/2022
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Home borrowing costs rose this week but seem to be stabilizing after the surge in borrowing costs in the past 12 months. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.54% this week from 5.51% last week with an average of 0.8 in points and fees. A year ago the rate was 2.78%. ...
07/22/2022
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Mortgage backed securities were up 25 basis points today at 100.78 having closed 366 points below the 200 day moving average. The conforming rate is at 5.875% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 5.875%. Whether in New England, the Mid Atlantic or ...
07/22/2022
