Friday, August 3, 2012

Rates Rise Abruptly Following Employment Report; Housing Scorecard

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Aug 3, 2012 2:27PM

Mortgage Rates Rise Abruptly Following Employment Situation Report

Mortgage Rates rose abruptly today capping a 6 day stretch that has seen the biggest swings of the past 7 weeks. Although the movements seen in several recent sessions have been big relative to what they were previously, they haven't yet resulted in a confirmed change to the prevailing Best-Execution Rate, which remains at 3.5% for most lenders. (Read More: What is A Best-Execution Mortgage Rate? ) Today's moves resulted from a stronger-than-expected Employment Situation Report as well as developments...

Aug 3, 2012 4:39PM

FHFA, Treasury Release Monthly Housing Scorecard

The Administration's Monthly Housing Scorecard for July contained little in the way of new information. The Scorecard is a summary of housing data from various sources such as the S&P/Case-Shiller house price indices, the National Association of Realtors® existing home sales report, Census data, and RealtyTrac foreclosure information. Most of the information has already been covered in by MND. The Scorecard includes by reference the monthly report on the Home Affordable Modification Program...


Micro News

2:00 PM:

Bond Markets Picking Up What Few Pieces Remain, Mostly Good Ones

12:27 PM:

EFSF Sneaking In The Back Door... Today's Secret Market Mover?

11:22 AM:

Low Volume Selling Continues, Leaving MBS At Week's Lows

10:05 AM:

ECON: Stronger Non-Manufacturing Business Activity Offset By Weaker Employment

9:20 AM:

Bond Markets Expectedly Weaker On NFP, But Surprisingly Resilient

8:39 AM:

ECON: NFP Higher Than Expected, Unemployment Rate Edges Up

2:42 PM:

Quick Cautionary Note As We Head Into The Afternoon

12:17 PM:

MBS, Treasuries Continue In Positive Territory as Euro Suffers

Around the Web

Video News

Santelli on Euro Zone's Debt Difficulties

Dallas Fed Analyst Booth on U.S. Housing Market

Pimco's El-Erian on U.S. July Jobs Data, Fed Policy


Today's Comments

Frank Ceizyk

"Peter--glad to see all the passion, but the free market has to have some built in consumer protection to protect against the collateral damage speculative..."

Peter Gladkin

"You and this are the problem...STOP changing disclosures trying to justify your position in life. YOU are making the cost of doing business go up which..."

Henry Daniels

"Oh Never mind about the Paperwork Reduction Act. Good Grief"

Today's Q&A

"Someone wants to buy a small part of my land."

"Question about refi after forclosure"

"mortage rate is fine keylock lone is at 6'75%"