Wednesday, December 7, 2011

Uptick in Attitudes Toward Housing; Rates Inch Closer to All-Time Lows

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Dec 7, 2011 3:52PM

Housing Survey Finds Uptick in Attitudes toward Housing

For the first time in six months responses to Fannie Mae's Monthly National Housing Survey were positive regarding home prices . Respondents surveyed in November expect home prices to increase by 0.2 percent over the next year compared to October's expectation of a 0.3 percent decline. Twenty two percent of respondents expect home prices to appreciate over the next year compared to 19 percent who had such expectations in October. Another 19 percent expect prices to decline, down from 23 percent last...

Dec 7, 2011 3:54PM

Mortgage Rates Able to Inch Slightly Closer to All-Time Lows

Mortgage Rates improved slightly today from what were already near the best levels since early November. We should mention though, that sounds a bit more impressive than it actually is considering there's a reasonable chance that the actual interest rate you would have been quoted between now and then never changed more than 0.125%. Rates have just been extremely flat near all time lows. To put that in perspective, all time lows would be the days where the average of numerous lender's Best-Execution...


Micro News

4:02 PM:

MBS Well Off Their Highs (For Those Who Were Thinking of Locking)

3:57 PM:

HOPE NOW Reports 885K Loan Mods for the Year

3:06 PM:

HUD: November Housing Scorecard Released

2:08 PM:

MBS Soaring. Reprices Possible, but Scarce due to Settlement

12:44 PM:

Secondary Mortgage Market Reform Hearing Statement

12:29 PM:

TransUnion: Mortgage Delinquincies To Fall in 2012

12:24 PM:

Relentless MBS Rally. One Positive Reprice Reported.

12:10 PM:

Fannie Mae: Home Price Expectations Improve

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Today's Comments

John Tilton

"Thanks for the info, Jason. I'm skeptical because when the program was first announced, they all said they would have it up and running Dec. 1. And..."

Jason Harris

"John...no one is waiting for rates to go higher. In fact...the big banks are drooling to release this program as it rids them of reps and warrants on loans..."

John Tilton

"Are any loan servicers actually doing HARP 2.0 re-fi's for their existing customers? My lender (B of A) isn't doing them yet, nor is Wells Fargo..."

Today's Q&A

"Why do the lenders only help borrowers in default, not those PAYING!!"

"where do i report a morgage company"

"Having a VA loan can I add my fiancee on the tile of my house?"