Wednesday, February 24, 2010

New Home Sales Much Worse than Forecast in January. Wintry Weather Adds Weakness

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
The annual pace of New Home Sales fell to a new record low in January. This was the fourth consecutive month New Home Sales slid and the largest monthly... - MND NewsWire
The National Association of Realtors has suggested a total reorganization of Freddie Mac and Fannie Mae, turning them into two non-profit government-chartered... - MND NewsWire
I have been saying all year that mortgage rates will need some sort of major shift in economic outlooks if they are to fall below 4.75% again. A surprise... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 97-25 -0-02
FNMA 4.5 100-24 -0-01
FNMA 5.0 103-16 0-00
FNMA 5.5 105-11 -0-03
FNMA 6.0 106-02 -0-09
Updated: 2/24/10 4:31 PM
Treasuries
3 MO 0.1095 -0.0105
2 YR 0.8592 -0.0108
5 YR 2.3511 -0.0189
10 YR 3.6909 0.0009
30 YR 4.6356 0.0056
Updated: 2/24/10 5:10 PM
Mortgage Rates
30 Yr FRM 4.98 -0.01
15 Yr FRM 4.35 0.02
FHA 30 Year 5.19 0.00
Jumbo 30 Year 6.46 -0.02
5/1 Yr ARM 4.24 -0.02
Updated: 2/24/10 4:38 PM
Latest Video      
View:All Videos
Economist Reacts to Bernanke Testimony
2/24/2010
Ed McKelvey, a senior economist at Goldman Sachs, shares his reaction to the Fed chairman's Congressional testimony about monetary policy and the economy...
Toll Brothers 1Q Loss Narrows
2/24/2010
02/24/10 The slow recovery of the housing market has helped luxury homebuilder Toll Brothers (TOL) post a narrower fiscal 1Q loss.
The Problems Of Paying Down Debt
2/24/2010
You can deal with debt three ways. Either you pay it back, you default or, if you're a government, you can inflate it away. In the US, default seems...

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Recent Comments
Marty Sonke
on 2/24/2010 - read this comment
I think the Fed's unemployment number is way too optimistic. I hope they are right but I don't see how they can be. We need 150K jobs per month just to absorb the people coming out of college....
Bryan/Mortgage Finance Group, Inc.
on 2/24/2010 - read this comment
Had a lender already re-price higher, after not changing pricing since last Friday. I feel like I'm on the wrong end of "Heads I win, tails you lose".
Susan Kahler
on 2/24/2010 - read this comment
We're especially "nascent" here in the SF Bay Area jobs market with established companies like Cisco and upstarts like (Dave Duffield's) Workday hiring. Mortgage brokers seems catch on...
Adam Quinones
on 2/24/2010 - read this comment
New York is about to get a snow hurricane: http://www.businessweek.com/news/2010-02-24/-snow-hurricane-approaches-new-york-pennsylvania-update2-.html

Mortgage News Daily


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Tuesday, February 23, 2010

Seasonal Adjustments Support Home Prices. Threats to the Health of Housing

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
Top Stories      
On a seasonally unadjusted basis, home prices in 20 U.S. cities fell 0.2% in December. Home prices are down 3.1% since last December. This met economist... - MND NewsWire
Stating that the nation's housing market has made significant progress toward stability during the past year, Secretary of Housing and Urban Development... - MND NewsWire
Yesterday was the first day in awhile that I advised floating overnight. It paid off today. If you are being offered 4.75% costing 1 discount point, I... - Mortgage Rate Watch
jeffer90576
MBS Quotes
FNMA 4.0 97-28 0-20
FNMA 4.5 100-27 0-16
FNMA 5.0 103-15 0-06
FNMA 5.5 105-13 0-06
FNMA 6.0 106-12 0-06
Updated: 2/23/10 4:31 PM
Treasuries
3 MO 0.1200 0.0358
2 YR 0.8700 -0.0131
5 YR 2.3700 -0.0725
10 YR 3.6900 -0.1055
30 YR 4.6300 -0.0969
Updated: 2/23/10 5:42 PM
Mortgage Rates
30 Yr FRM 4.99 -0.03
15 Yr FRM 4.33 -0.02
FHA 30 Year 5.19 -0.03
Jumbo 30 Year 6.48 -0.01
5/1 Yr ARM 4.26 -0.05
Updated: 2/23/10 6:28 PM
Latest Video      
View:All Videos
Job Fears Drag Economic Indicators
2/23/2010
Job jitters are weighing down on the latest economic data, with CNBC's Rick Santelli.
Housing's Bumpy Road to Recovery
2/23/2010
Discussing the future of housing, with Howard Glaser, mortgage industry consultant and Michael Menatian, Sanborn Mortgage Corp.
Commercial Real Estate Bottoming?
2/23/2010
Moody's Commercial Property Index showed an uptick of 4.1 percent in December. Neal Elkin, of Real Estate Analytics, and Harvey Green, of Marcus &...

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Recent Comments
Mark H
on 2/23/2010 - read this comment
With all the discussion about housing and the numbers today, has anyone read Andrew Caplin, Professor of Econ at NYU. He makes some very compelling arguments on the true state of housing and the lack of...
Larry Gray
on 2/23/2010 - read this comment
More people I know have simplified their lives economically by reevaluating what their true needs are and spending much less. I don't know that it necessarily helps our economy they way it is set up...
Adam Quinones
on 2/23/2010 - read this comment
WASHINGTON, Feb 23 (Reuters) - The massive stimulus package passed last year to blunt the impact of the worst U.S. recession in 70 years created up to 2.1 million jobs in the last three months of 2009...
David Haines
on 2/23/2010 - read this comment
I can say I saw this coming. The folks I deal with are really struggling right now. Realtors, Advisors, friends are all telling me how bad it is out there. My business has dried up since first of the year...

Mortgage News Daily


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