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2022
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Mortgage rates fell again in the MBA's latest survey though borrowing costs are up 44% from a year ago. The 30-year fixed-rate mortgage fell to 5.43% from 5.74% with 0.65 points for the week ended July 29, 2022. It was the largest one week drop since 2000. Within the data it showed that the Marke...
08/03/2022
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Mortgage backed securities were down 38 basis points today at 101.44 having closed 272 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...
08/03/2022
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Mortgage backed securities were down 82 basis points today at 101.06 having closed 314 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...
08/02/2022
The U.S. markets begin August on the quiet side after the huge July stock gains and a nice decline in bond yields. The closely watched S&P 500 saw a near 10% gain last month, its best monthly percentage rise since November 2020. This was due in part to solid earnings and the notion that the Fed m...
08/01/2022
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Mortgage backed securities were up 12 basis points today at 101.88 having closed 235 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...
08/01/2022
