ARCHIVED BLOG POSTS
2021
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Mortgage backed securities closed up 95 basis points today at 99.97 having closed 108 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the Mi...
10/29/2021
Home borrowing costs increased in the latest week and hit the highest level in eight months but remain historically low. The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage rose seven basis points to 3.30% with 0.34 in points for the week ending October 22, 2021. Within ...
10/27/2021
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Mortgage backed securities closed up 25 basis points today at 99.97 having closed 111 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the Mi...
10/27/2021
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With the holiday shopping season underway who's hiring to fill positions for November and December? Walmart is hiring 170,000 seasonal and temporary workers and is the largest so far of the major retailers. Amazon is looking to fill 165,000 permanent positions while UPS will be looking to add 100...
10/25/2021
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Mortgage backed securities closed up 25 basis points today at 99.59 having closed 169 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the Mi...
10/25/2021
Home borrowing costs inched higher this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose four basis points to 3.09% with 0.7 in points and fees. The record low was 2.65% on January 7 of this year. Sam Khater, Freddie Mac’s Chief Economist sai...
10/22/2021
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Mortgage backed securities closed up 25 basis points today at 99.34having closed 178 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the Mid...
10/22/2021
Strong demand for housing pushed home builder optimism higher this month despite continued supply chain disruptions. The NAHB Housing Market Index rose four points this month to 80 for the newly-built single-family home sector. Within the report, it showed that current sales conditions, sales exp...
10/18/2021
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Mortgage backed securities closed down 12 basis points today at 99.62 having closed 153 points below the 200 day moving average. The conforming rate is at 2.75% today. My jumbo pricing is now sizzling! The 30 year jumbo for $1 million was at 3.00%. Whether in New England, the Mid Atlantic or the ...
10/18/2021
Available jobs across the U.S. remained jut below record highs as the labor market continues to get back to more normal levels. The Labor Department reports that job openings fell to 10.4 million in August from the record 11.1 million seen in July. Job openings decreased in several industries wit...
10/12/2021
