Wednesday, June 22, 2011

Economists Argue Over Mortgage Interest Deduction

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Jun 22, 2011 3:33PM

Economists Argue Over the Mortgage Interest Deduction

(Editor's Note: This is the second in a series of articles summarizing material in the latest edition of " Evidence Matters " the new digest of housing research first published in February by the Department of Housing and Urban Development (HUD). The current issue is devoted to rental housing as it was discussed at the Next Generation Housing Policy Conference held in October 2010.) The Next Generation conference featured three presentations on the topic of the future of the mortgage interest tax...

Jun 22, 2011 5:09PM

Headline Exhaustion Returns. Bonds Await New Guidance

For a third day in a row, intraday price volatility kept mortgage rate watchers on their toes and lenders defensive . The Fannie 4.0 MBS coupon bounced around an 11/32 range and even jumped from one end to the other, twice! While this forced us to issue multiple directional warnings, only scattered reprices for the better were reported... most of which were the usual quick trigger types like Provident and FAMC. As the benchmark 10 year note shed gains and went negative on the session this afternoon...


Micro News

4:10 PM:

The Day Ahead: Jobless Claims, Treasury Supply

4:07 PM:

MBS Outperform in Choppy Session. Headlines Lack Direction

1:09 PM:

FOMC: Recovery Lags Forecasts. Temporary Factors at Work

12:21 PM:

On Positive Reprice Watch as MBS Rally Before Fed

12:09 PM:

ECON: Mortgage Apps Down After Jump in Rates

10:16 AM:

Shadow Inventory Estimated at 1.7 Million Homes: CoreLogic

10:05 AM:

PIMCO Expecting Greek Default

8:38 AM:

Vote of Confidence Yields Little New Confidence

Around the Web

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Ghost Town USA

Florida Real Estate Selling Fast and Foreign

Panel Reacts to Bernanke


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