Tuesday, February 23, 2010

Seasonal Adjustments Support Home Prices. Threats to the Health of Housing

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On a seasonally unadjusted basis, home prices in 20 U.S. cities fell 0.2% in December. Home prices are down 3.1% since last December. This met economist... - MND NewsWire
Stating that the nation's housing market has made significant progress toward stability during the past year, Secretary of Housing and Urban Development... - MND NewsWire
Yesterday was the first day in awhile that I advised floating overnight. It paid off today. If you are being offered 4.75% costing 1 discount point, I... - Mortgage Rate Watch
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MBS Quotes
FNMA 4.0 97-28 0-20
FNMA 4.5 100-27 0-16
FNMA 5.0 103-15 0-06
FNMA 5.5 105-13 0-06
FNMA 6.0 106-12 0-06
Updated: 2/23/10 4:31 PM
Treasuries
3 MO 0.1200 0.0358
2 YR 0.8700 -0.0131
5 YR 2.3700 -0.0725
10 YR 3.6900 -0.1055
30 YR 4.6300 -0.0969
Updated: 2/23/10 5:42 PM
Mortgage Rates
30 Yr FRM 4.99 -0.03
15 Yr FRM 4.33 -0.02
FHA 30 Year 5.19 -0.03
Jumbo 30 Year 6.48 -0.01
5/1 Yr ARM 4.26 -0.05
Updated: 2/23/10 6:28 PM
Latest Video      
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Job jitters are weighing down on the latest economic data, with CNBC's Rick Santelli.
Housing's Bumpy Road to Recovery
2/23/2010
Discussing the future of housing, with Howard Glaser, mortgage industry consultant and Michael Menatian, Sanborn Mortgage Corp.
Commercial Real Estate Bottoming?
2/23/2010
Moody's Commercial Property Index showed an uptick of 4.1 percent in December. Neal Elkin, of Real Estate Analytics, and Harvey Green, of Marcus &...

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Recent Comments
Mark H
on 2/23/2010 - read this comment
With all the discussion about housing and the numbers today, has anyone read Andrew Caplin, Professor of Econ at NYU. He makes some very compelling arguments on the true state of housing and the lack of...
Larry Gray
on 2/23/2010 - read this comment
More people I know have simplified their lives economically by reevaluating what their true needs are and spending much less. I don't know that it necessarily helps our economy they way it is set up...
Adam Quinones
on 2/23/2010 - read this comment
WASHINGTON, Feb 23 (Reuters) - The massive stimulus package passed last year to blunt the impact of the worst U.S. recession in 70 years created up to 2.1 million jobs in the last three months of 2009...
David Haines
on 2/23/2010 - read this comment
I can say I saw this coming. The folks I deal with are really struggling right now. Realtors, Advisors, friends are all telling me how bad it is out there. My business has dried up since first of the year...

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