RECENT BLOG POSTS
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Happy summer!! Mortgage backed securities were down 3 basis points today at 99.28 having closed 477 points below the 200 day moving average. The conforming rate is at 6.0% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid ...
06/21/2022
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Mortgage backed securities were up 9 basis points today at 97.50 having closed 667 points below the 200 day moving average. The conforming rate is at 5.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or the ...
06/16/2022
Mortgage backed securities were down 62 basis points today at 96.12 having closed 815 points below the 200 day moving average. The conforming rate is at 5.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
06/14/2022
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Mortgage backed securities were down 144 basis points today at 96.75 having closed 758 points below the 200 day moving average. The conforming rate is at 5.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or ...
06/13/2022
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Home borrowing costs increased this week after several weeks of declines. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.23% this week from 5.09% last week with an average of 0.9 in points and fees. A year ago the rate was 2.96%. The 15-year inched higher to 4.38% from 4.32% w...
06/09/2022
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Mortgage backed securities were down 19 basis points today at 99.25 having closed 517 points below the 200 day moving average. The conforming rate is at 5.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
06/09/2022
U.S. investors, as well as Federal Reserve members, are eagerly awaiting the Consumer Price Index (CPI) for May when the numbers are released this Friday. Inflation at the consumer level is currently running at a 40-year high driving the price for goods and services considerably higher. The natio...
06/06/2022
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Mortgage backed securities were down 56 basis points today at 99.22 having closed 532 points below the 200 day moving average. The conforming rate is at 5.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or t...
06/06/2022
Private payroll growth was sluggish in May, the slowest gain in two years. ADP Private Payrolls rose 128,000 in May versus the 300,000 expected and down from 202,000 in April which was revised from 247,000. Small businesses took the brunt of the slowdown as companies employing fewer than 50 worke...
06/02/2022
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Mortgage backed securities were up 31 basis points today at 99.97 having closed 463 points below the 200 day moving average. The conforming rate is at 5.00% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was around 4.50%. Whether in New England, the Mid Atlantic or the...
06/02/2022