Thursday, May 17, 2012

Mortgage Rates Officially Hit New All-Time Lows!

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May 17, 2012 3:21PM

Mortgage Rates Officially Hit New All-Time Lows!

Mortgage Rates hit new all-time lows today. In most cases, lenders' offerings are just slightly better across the board than they were in late January, the last time we officially noted "new all-time lows," though some lenders are not quite back to their previous best levels. A much weaker-than-expected reading on a widely followed report on business conditions in the mid-Atlantic region gave rates markets a bit of an early jolt lower. From there, an absence of additional data gave way to technical...

May 17, 2012 11:37AM

NAHB, NAR Agree, Homes Never More Affordable

For the second time in a week a national housing trade organization has shown that purchasing a home is now within the reach of a record number of Americans. On Tuesday the National Association of Realtors® (NAR) published its affordability index indicating the purchasing power of American households had broken through 200 on its index for the first time in its history. Today the National Association of Home Builders (NAHB) and Wells Fargo released their Housing Opportunity Index (HOI) which...


Micro News

2:05 PM:

MBS Continue Taking Out Record Levels As Duration Grab Is On!

11:29 AM:

Philly Fed Market-Movement or Just a Symptom of QE3 Expectations?

10:13 AM:

Fixed Mortgage Rates Hit Record Lows Again - Freddie PMMS

10:09 AM:

ECON: Leading Indicators Decline First Time in 7 Months

10:04 AM:

ECON: Big Miss For Philly Fed Index

9:50 AM:

Bond Markets Holding Most of Yesterday's Gains

8:36 AM:

ECON: Jobless Slightly Higher Than Expected

2:07 PM:

Float Boat Stays Out To Sea as Fed Stays Willing to Stimulate

Around the Web

Video News

DoubleLine's Gundlach on Mortgage Market, Strategy

JPMorgan's Dimon: Loss Could Grow By 259700 Billion

White House Steps Up Push to Toughen Bank Rules


Today's Comments

Frank Ceizyk

"Competition--You're putting together the cliched conspiracy theory pieces that are misdirectional drivel. Financial bubbles happen because really financially..."

Rob Migasi

"Regarding Fifth Third and HARP 2.0. The changes you mentioned are for Correspondent and Wholesale channels only. Retail is still offering HARP 2.0."

Dan  Frio

"LO compensation. Who is actually effected with any new legislation. The big banks and mortgage bankers do business as usual. They charge what they want..."

Today's Q&A

"when adding a child to a deed "

"Help Mortgage Current Lease"

"I can't refi my PMI company is in receivership how can I get out of it???????"