ARCHIVED BLOG POSTS
2021
Sales of new single‐family houses in April 2021 were at a seasonally adjusted annual rate of 863,000, according to estimates released today by the U.S. Census Bureau. That was down nearly 6% monthly and below the 980,000 expected. Due to the lock downs last year and with little activity seen in A...
05/25/2021
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Mortgage backed securities closed up 22 basis points today at 101.25 having closed 108 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
05/25/2021
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Mortgage backed securities closed up 3 basis points today at 100.78 having closed 157 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the ...
05/21/2021
First-time unemployment claims fell to the lowest level since the shutdowns began last year. Weekly Initial Jobless Claims decreased to 444,000 for the week ended May 15, 2021, from 478,000 in the previous week. To put it into perspective, the week of April 4, 2020 claims were over 6 million as t...
05/20/2021
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Mortgage backed securities closed up 19 basis points today at 100.72 having closed 165 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
05/20/2021
April Housing Starts fell nearly 10% from March to an annual rate of 1,569,000 units and below the 1,715,000 expected. Single-family starts, where the market desperately needs more units, fell 13% from March. Lumber costs have skyrocketed over the past year while the supply chain was disrupted by...
05/18/2021
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Mortgage backed securities closed up 16 basis points today at 100.78 having closed 162 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or the...
05/18/2021
Home borrowing costs declined in the latest week and remain at historically low levels. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage fell to 3.11% from 3.18% with 0.32 in points for the week ended May 7, 2021. The Market Composite Index, a measure of total mortgag...
05/12/2021
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Mortgage backed securities closed down 50 basis points today at 100.38 having closed 217 points below the 200 day moving average. The conforming rate is at 2.750% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 2.875%. Whether in New England, the Mid Atlantic or t...
05/12/2021
The ongoing labor shortage in parts of the country continues to plague small businesses. The NFIB released its small business optimism report revealing that 44% of owners reported job openings can not be filled. Within the report, it showed that the Small Business Optimism Index rose to 99.8 in A...
05/11/2021
