Thursday, April 14, 2011

Mortgage Rates: Lenders Absorb Weakness

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Apr 14, 2011 5:34PM

Mortgage Rates: Lenders Absorb Weakness

Home loan borrowing costs were roughly unchanged today. This is surprising because loan pricing should have worsened given the behavior of the secondary mortgage market. Whereas yesterday started weaker and improved to end just slightly better than the day before, today was the total opposite. Loan pricing (MBS) started strong but progressively weakened throughout the day. The interesting thing about yesterday and today "cancelling each other out" is loan pricing is almost exactly where it was on...

Apr 14, 2011 11:45AM

Default Notices and Evictions Increase in March. Data Still Distorted

Foreclosure activity overall was down in the first quarter of 2011 when compared to the previous quarter and activity from one year earlier, but March figures showed a month over month increase in the number of default notices and evictions. Foreclosure notices were filed against 681,153 properties in the U.S. in the first quarter, a 15 percent decrease from the fourth quarter of 2010 and a 27 percent drop from filings in the first quarter of 2010. This represents a filing on one in every 191 U.S...


Micro News

4:38 PM:

Foreign central banks' US debt holdings rise

3:58 PM:

Uncommonly Busy Friday with Econ, Fed, and Technicals

3:19 PM:

TSY's Back to Yesterday's Post-Auction Highs.

1:25 PM:

Normally Hawkish Plosser, Shares Moderate Inflation View

1:18 PM:

$13bn 30s See Strong Buyside Demand

12:39 PM:

U.S. spending cuts fall short of $38 bln

9:36 AM:

Key Technical Resistance Firm Ahead of Auction

8:56 AM:

Geithner Confident Congress Will Raise Debt Ceiling

Around the Web

Video News

IMF's Blanchard Says U.S. Debt Ceiling Will Be Raised

Investing in Real Estate

Weekly Jobless Claims & PPI


Today's Comments

Adam Quinones

"IT'S ALL ABOUT THE RANGE: http://www.mortgagenewsdaily.com/mortgage_rates/blog/207199.aspx"

Nate Miller

"Amazing how this just got buried today: Economic Report April 14, 2011, 10:54 a.m. EDT U.S. jobless claims surge above 400,000 The increase puts claims..."

Adam Quinones

"RTRS-ACTING US COMPRTOLLER OF THE CURRENCY WALSH SAYS MORTGAGE SERVICERS WILL FACE CIVIL MONEY PENALTIES 14:01 13Apr11 RTRS-OCC HEAD WALSH SAYS THE AMOUNT..."

Today's Q&A

Anonymous

"Is real estate tax Paid "in advance" or for the past..."

Anonymous

"I have excellent credit rating/score/history but low income,..."

Anonymous

"I stopped paying my mortgage for 9 months but it has been a year..."

Today's Forum Discussions

Anonymous

"for a two person family whats the income limit on a usda loan"

Rodney Tumbleston

"I'm looking for some feedback from real folks in the street that are either in a branch affiliate situation or considering one. I have 18+ years in..."

Dan Henderson

"Loan Scenario View All Post A Scenario Loan State: Texas Loan County: Harris Loan Type: Purchase Loan Amount: 204672,300,000 Property Value: 204672,300,000 LTV..."