Impact of Commodity Boom on Home Prices; Over One Quarter of Homes in Negative Equity

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Nov 29, 2011 5:26PM Report Spotlights Impact of Commodity Boom on Home Prices The Federal Housing Finance Agency's seasonally adjusted purchase only price index (HPI) shows that U.S. house prices rose slightly in the third quarter of 2011. The HPI is calculated from data on home sales obtained from Freddie Mac and Fannie Mae acquired purchase money mortgages where previous mortgages were also held by one of the government sponsored enterprise (GSE). In addition to its usual analysis of home price data, the report looks at the effects of supplementary information added to the... Nov 29, 2011 12:42PM CoreLogic: 27% of Homes in Negative or Near Negative Equity Position Over one-quarter of all mortgaged homes in the U.S. are now either underwater or close to it according to data released today by CoreLogic. In the third quarter of 201110.7 million homeowners, 22.1 percent of all those with mortgages, owed more on that mortgage than the market value of their homes. This situation arises when prices decline, mortgage debt increases, or a combination of the two. An additional 2.4 million homeowners were in a near-negative equity situation with mortgage balances only... Despite Weaker Treasuries, Mortgage Rates Improve Treasuries Consolidate While MBS Hold Previous Gains Home Prices "Drifted Lower" in Latest S&P/Case-Shiller Survey Judge Blocks $285M Citigroup Settlement, Questions S.E.C Policy MBS and Treasuries Battle Back Vs Rising Stocks Inspector Faults Some Aspects of FHFA Supervision of GSEs View: Front Page | Headline Viewer Micro News 2:28 PM: FHFA Announces Senior Staff Appointments 2:04 PM: KC Fed Alone in Seeking Higher Discount Rate - Fed Minutes 1:21 PM: Potential Positive Reprices as MBS Trade Near Highs 12:20 PM: Bond Markets Trying to Hold Their Ground Against Advancing Stocks 11:34 AM: FED: Yellen See Scope For Further Fed Easing 11:02 AM: FHFA: U.S. House Prices Rise 0.2 Percent in Third Quarter 2011 10:03 AM: ECON: Consumer Confidence Rebounds in November 9:33 AM: CoreLogic: Negative Equity Shows Slight Q3 Decline, Remains Elevated »View All Micro News Around the Web Obama Says Solving Euro Crisis of 'Huge Importance' to U.S. Prices Keep On Falling as Housing Market Still Struggles Gross Says Europe Won't Escape Debt 'Straitjacket' for Years Barney Frank: Don't Blame Me for Fannie, Freddie Problems Mr. Romney on Foreclosures CoreLogic Third Quarter 2011 Negative Equity Data Shows Slight Decline But Remains Elevated »View More Around the Web Video News Housing Prices Under Pressure Bill Gross One-on-One Why Getting a Mortgage is So Tough Right Now »View More Video News Today's Comments "Maybe the proper headline should be "Strong Rental Market is turning speculators into investors...certainly a welcome piece of news..." "We saw a similar phenomenon when house prices began plummeting. Investors who bought to sell were left stuck with the houses, unfamiliar and unprepared..." "Any news on when HUD will announce the new loan limits?" »View More Comments Today's Q&A "What happened to TDI rates?" "Retirement community buying "itself" from owners. Do I buy a "share"? " "Second Home Mortgage Question" »View More Q&A jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 3.98 -0.06 15YR 3.41 -0.04 FHA30YR 3.79 -0.03 Jumbo30YR 4.36 -0.02 5/1ARM 3.00 -0.01 MBS Quotes 30YR FNMA 3 101-31 0-04 30YR FNMA 4 104-04 0-03 30YR FNMA 4 105-19 0-02 30YR FNMA 5 107-10 0-03 Treasuries 2 YR 0.2578 -0.0002 3 YR 0.3883 -0.0027 5 YR 0.9247 0.0027 7 YR 1.4693 0.0143 10 YR 1.9878 0.0178 30 YR 2.9560 0.0260 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Building Permits 10.87% Housing Starts -0.32% Construction 1.37% NAHB Builder 17.65% Mortgage Application -10.04% Mortgage Refinance -12.19% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031