Thursday, April 5, 2012

Mortgage Rates Improve Ahead of Important Jobs Report

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Apr 5, 2012 3:25PM

Mortgage Rates Improve Ahead of Important Jobs Report

Mortgages Rates experienced some solid gains today given the relatively uneventful trading in the bond markets that influence them . This goes a long way toward making up for the relative lack of response to yesterday's market movements. We discussed this phenomenon in a bit more detail in yesterday's commentary (Read it here: Mortgage Rates Improve Only Slightly ) Despite today's improvements, The Best-Execution Conventional 30yr Fixed Rate clearly remains stuck at 4.0%. That means that today's...

Apr 5, 2012 11:59AM

Improving Markets Index Beginning to Plateau

The National Association of Home Builders/First American Improving Markets Index (IMI) grew by two metropolitan areas (MAs) in April. Thirteen new MAs were added to the list while 11 fell off of the March tally, bringing the current total to 101 metropolitan areas. Thirty-five states (including the District of Columbia) are now represented by at least one market on the list and 10 states have four or more cities represented. Markets are deemed to be improving when they show growth from their respective...


Micro News

2:51 PM:

Uneventful Afternoon, Volume Lower, MBS Holding Gains

12:00 PM:

Bond Markets Holding Gains as Volume Dies Down

10:03 AM:

Fredddie Mac: 30-Year FRM Ticks Down to 3.98 Percent

9:41 AM:

Bond Markets Start Strong, Weakening Into Domestic Session

8:38 AM:

ECON: Jobless Claims Slightly Higher Than Expected

1:02 PM:

MBS Improve, Taking Cues From TSYs, Positive Reprice Potential

12:09 PM:

NY Fed: 2011 Domestic Open Market Operations Released

11:47 AM:

Indecisive, Sideways Price Action Despite Heavy Volume

Around the Web

Video News

Rep. Barney Frank on Regulation

90 Seconds with Art Cashin: Bernanke's Wall Street Lunch

Jobless Claims Fall to Lowest Level in 4 Years


Today's Comments

Donald Scott

"Great article... but the million dollar question is "Is Wells actually exiting from Correspondent Lending"..? There has been a lot of speculation..."

Frank Ceizyk

"Really?: "The premise behind a modification was that if we lowered the payment they would continue to pay. The result of that exercise hasn't..."

Mike Lesmeister

"These results are not surprising. With so many loans that fall out, agents want to partner with lenders that they have a high level of confidence can get..."

Today's Q&A

"Is there mortgage money if a bankruptcy is in the past?"

"Investment mortgage Brokers dealing with fractional interest"

"Buying and Selling of new property"