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"Bernanke on Housing's Role in Recovery; Mortgage Rates Battle Back"

Published: 2/10/2012

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Mercy Jimenez

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Poll: Rent or Own. If you could do either, which would you prefer?

OWN (69.1% - 85 votes)
RENT (30.9% - 38 votes)

TOP HEADLINES

Sunday, February 12, 2012

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Micro News

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MBS Live : MBS Stable Into Afternoon. Positive Reprice Potential Increasing
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Fed: Bernanke Speech on 'Housing Markets in Transition'
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MBS Live : Bond Markets Doing Their Best To Hold Overnight Gains
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ECON: Survey of Economists Shows Better Expected Job Growth
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ECON: Consumer Sentiment Slightly Lower Than Expected
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ECON: Trade Deficit In Line With Expectations. No Market Reaction
Thu

MBS Live : Treasuries, MBS Attempting to Turn a Corner Following 30yr Auction
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MBS Live : MBS, Treasuries Bounce At February's Weakest Levels
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ECON: Wholesale Inventories and Sales, Rise More Than Expected
Thu

Freddie Mac: Average Rates Steady at Record Lows
Thu

MBS Live : MBS Outperforming Treasuries, Both Holding Steady After Claims
Thu

ECON: Jobless Claims Fall to 358k From 373k Previously
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HUD: Details of $26 Billion Settlement to be Released at 10AM
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Holdout States, California and Florida, Back Into Mortgage Settlement
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MBS Live : Limited Reaction to Good-But-Not-Great 10yr Auction
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New York Fed Sells $6.2 Billion in Face Amount of Maiden Lane II LLC Assets...
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MBS Live : MBS At Highs After ECB Says Greek Restructuring Participation Undecided
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MBS Live : Bond Markets Bounce Back To Breakeven Levels After Overnight Weakness
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MBA: Refinance Activity Increases as Rates Hit Survey Lows
Tue

ECON: Consumer Credit Expands More Than Expected

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VIDEO NEWS

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Markets Overview

View All Market Data

30 Yr FRM
3.89% (-0.04%)
15 Yr FRM
3.26% (-0.03%)
FHA 30 Year Fixed
3.75% (0%)
Jumbo 30 Year Fixed
4.11% (-0.03%)
5/1 Yr ARM
3.01% (0.01%)

Recently Released Data

Report Date		Value	Change
New Home Sales	Dec'11	307,000	-2.23%
Building Permits	Dec'11	679,000	-0.15%
Housing Starts	Dec'11	685,000	9.08%
NAHB Builder Confidence	Dec'11	21.00	5.00%
Mortgage Apps	1/11/12	816.1	23.07%
Refinance Index	1/11/12	4500.6	26.40%
Purchase Index	1/11/12	195.4	10.33%
Existing Home Prices	Nov'11	210,500.00	2.23%
Existing Home Sales	Nov'11	4,420,000	4.00%

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Comment: "If B of A forecloses on Ben B.'s residence, it just shows that there may be justice, after all. Was it not Mr. Bernanke..."

re: Bernanke Speaks to Home Builders on Housing's...
Comment: "Holy Cow Frank!! I am impressed. +1"

re: "House Lock" - Negative Equity not Hurting...
Comment: ""the absence of house lock would have reduced the nation's unemployment rate by at most 0.10 percentage points annually"..."

re: "House Lock" - Negative Equity not Hurting...

"I'm hearing some noise about 80/10's coming back in the market. Anyone know which investors are offering this? The..."

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"Is it worth while to take a rate of 4.25% with a credit of (1.625) toward closing cost opposed to holding out for a lower..."

Interest Rate Options for Refi
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MBS RECAP: 2/10/2012

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