Thursday, September 27, 2012

Mortgage Rates Move Higher For The First Time In Two Weeks

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Sep 27, 2012 3:10PM

Mortgage Rates Move Higher For The First Time In Two Weeks

Mortgage rates finally broke their unprecedented winning streak on Thursday as rates moved higher for the first time since the Fed announced it's third round of quantitative easing on September 14th. The 10 straight sessions of improving rates crossed into new all-time low territory earlier this week, and even after today's weakness, it's still the 3rd best day in the history of mortgage rates. Best execution levels continue hovering firmly at 3.25% for 30yr Fixed Conventional Loans. ( Read More...

Sep 27, 2012 10:23AM

Mortgage Metrics Report Shows Increase in "Seasonal" Delinquencies

The performance of mortgages serviced by banks regulated by the Office of Comptroller of the Currency (OCC) declined in the second quarter but was improved over the same period one year earlier according to the OCC Mortgage Metrics Report for the Second Quarter of 2012 released Thursday morning. OCC called the quarterly change in delinquency rates "seasonal." The report covers 30.5 million first-lien mortgages with $5.2 trillion in outstanding balances, about 60 percent of all first-lien mortgages...


Micro News

1:21 PM:

Despite Decent 7yr Treasury Auction, Bond Markets Struggle

12:33 PM:

Tricky Bit Of Weakness Here. Potential Negative Reprice Risk

10:10 AM:

ECON: Pending Home Sales Decline In August

9:29 AM:

Paradoxical Reaction As Bond Markets Fall On Weaker Data

8:56 AM:

ECON: Biggest Drop In Durable Goods Since Jan 2009

8:46 AM:

ECON: Jobless Claims 359k Vs 378k Consensus

8:45 AM:

ECON: GDP Rises 1.3 Percent Versus 1.7 Percent Consensus

2:02 PM:

Bouncing Back From Previous Weakness After Strong 5yr Auction

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Today's Comments

Robert Kirk

"Now that was the most enlightening thing I have seen in a long time. You can't imagine how many times, and how much time I have spent separating whites..."

Frank Ceizyk

"So the 3.8% is not a sales tax, it is a 3.8% capital gains tax for wealthy people...which, is still a tax, right? A myth generally infers there is no truth..."

Frank Ceizyk

"It is remarkable how little vision there is from the Romney campaign on housing. I didn't vote for the incumbent President, but I can say if the only..."

Today's Q&A

"home loan for 95% on cost"

"Loan Officer locks mortgage rate without client"

"Can refinance done with the only a month old title insurance?"