| Oct 25, 2012 4:36PM Current housing recovery chatter centers around two main themes: slightly improving stats on home sales, prices and foreclosures low rates vs. tight credit Let me bring you into the trenches on theme two because it feeds theme one. Most mentions of "tight credit" are broad macro assertions but the press rarely details loan guidelines consumers face on the ground. So let's look at how loan guidelines impact credit availability in the jumbo loan market. That is, the market for loans... Oct 25, 2012 3:24PM Mortgage rates are sharply higher today, as global markets abandoned bond market holdings at the quickest pace of the week. When investors favor selling bonds vs buying, prices fall and yields--or interest rates --move higher. Even before the domestic trading session was underway, bond yields were much higher after Asian and European trading. This led to the secondary mortgage market starting the day off at the worst levels in over month. Underlying markets attempted to bounce back from the weakness...
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