RECENT BLOG POSTS
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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
Existing Home Sales in June fell 5.4% from May to an annual rate of 5.12 million units versus the 5.38 million expected. Year over year sales declined 14.2%. Annual sales fell in all four regions of the U.S. The median price rose 13.4% from June 2021 to a fresh record high of $416,000. Unsold inv...
07/20/2022
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Mortgage backed securities were down 19 basis points today at 99.88 having closed 463 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...
07/20/2022
Higher building costs and run away inflation dented home builder optimism this month, reports the National Association of Home Builders (NAHB). The NAHB Housing Market Index plunged 12 points this month from June versus the 67 expected. It was the lowest reading since May 2020 and the largest sin...
07/18/2022
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Mortgage backed securities were down 16 basis points today at 100.09 having closed 450 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...
07/18/2022
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Mortgage backed securities were up 32 basis points today at 100.19 having closed 444 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 ...
07/15/2022