Tuesday, November 27, 2012

Americans not Shopping Smart for Mortgage Loans; Home Prices at June 2004 Levels

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Nov 27, 2012 4:46PM

MBS RECAP: Steady Improvements Thanks To Unsteadiness Elsewhere

MBS have been grinding higher in a tight range all morning with several lenders now having repriced positively. The friendly price action in Fannie 3.0s looks like it should have motivated even more reprice activity, but we'd note that many lenders didn

Nov 27, 2012 4:15PM

Americans are not Shopping Smart for Mortgage Loans

Homeowners appear to be less than savvy shoppers when it comes to finding a mortgage to purchase or refinance their homes. A new study from Fannie Mae suggests that consumers could save money and find a more financially sustainable mortgage if they shopped more effectively. Further, the study showed that higher income consumers were more likely to do more research and approach the search for a mortgage more efficiently. For example, lower income survey respondents were more likely than those with...


Micro News

2:37 PM:

Positive Reprices Continue To Trickle In As MBS Grind Higher

10:16 AM:

ECON: Consumer Confidence Hits Highest Level Since Feb 2008

9:33 AM:

Bond Markets Roughly Unchanged After Greek Deal, AM Data

9:09 AM:

ECON: Case-Shiller Home Prices Improve In Line With Expectations

8:45 AM:

ECON: Durable Goods Unchanged in October, Better Than Expected

3:03 PM:

MBS Shake Off Afternoon Weakness, Sideways Ahead Of Greece News

9:38 AM:

Bond Markets Stronger To Begin Week

9:26 AM:

Bond Markets Tick Into Negative Territory After Opening Slightly Stronger

Around the Web

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Today's Comments

lydia lerner

"So why can't honest people that have been paying their high mortgages at 6.75% since 2006 refinance when all these CA people with fraudulent valuations..."

Jana Holmstrup

"Good points, Hal - I also have issues with their studies and budgets. Will be watching to see if you receive an answer."

Jana Holmstrup

""FHA is losing money hand over fist" - No, they are projected to lose money. When do we ever get to look at real numbers? Last year's study..."

Today's Q&A

"Mislead by company representative?"

"Our buyer backed out of our contract"

"Paying off Son's Mortgage"