ARCHIVED BLOG POSTS
2022
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Mortgage backed securities were down 36 basis points today at 100.31 having closed 456 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 o...
07/07/2022
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Mortgage rates eased again in the MBA's latest survey after the spike in borrowing costs in the first half of this year. The 30-year fixed-rate mortgage fell 10 basis points to 5.74% with 0.65 points for the week ended July 1, 2022, reports the MBA. Within the data it showed that the Market Compo...
07/06/2022
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Mortgage backed securities were down 66 basis points today at 100.34 having closed 458 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 o...
07/06/2022
An economic slowdown is hitting the U.S. as evidenced by recent findings from the Atlanta Fed Reserve Bank. After Gross Domestic Product (Gross Domestic Product) fell 1.6% in Q1 2022, economic growth or GDP is now forecasted to be -2.1% for Q2 2022. Currently, a recession is defined as two consec...
07/05/2022
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Mortgage backed securities were up 25basis points today at 101.00 having closed 395 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 t...
07/05/2022
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Mortgage backed securities were up 44 basis points today at 100.78 having closed 421 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 ...
07/01/2022
