| Jul 6, 2012 3:52PM The June Housing Scorecard, a joint publication of the U.S. Departments of Housing and Urban Development (HUD) and Treasury, was released this afternoon and once again makes the statement that "Market data show important progress in homeowner equity and home sales, but continued fragility overall." Home equity rose $457.1 billion in the first quarter of 2012, a 7.4 percent increase from the previous quarter and its highest level since the second quarter of 2010. Sales of previously owned homes posted... Jul 6, 2012 2:33PM Mortgage Rates fell to new all-time lows today after a weaker-than-expected Employment Situation Report. To some extent, markets were geared up for a slightly more upbeat report due to yesterday's stronger ADP report on private payrolls. Although the ADP figures don't always line up with the National employment tally (NFP or "Nonfarm Payrolls:), there's enough correlation that markets do react to big moves in ADP. That's what happened yesterday, and as sometimes happens...
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