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Fannie Mae Economists see 2013 as a 'Transition to Normal'; California Rebounding
Posted to: Daily Newsletter
Thursday, January 24, 2013 4:52 PM

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Jan 24, 2013 11:28AM

Fannie Mae Economists see 2013 as a 'Transition to Normal'

The economists at Fannie Mae released their first economic forecast of 2013 and introduced their theme for the New Year, " Transition to Normal ." This theme, they said, has profound implications for a number of longer-term challenges facing the country and reflects the rebound of housing along with the fiscal policy decisions made and yet to be made. "It is unclear where this transition will lead and what type of economic growth path awaits. Some have questioned whether the country has entered a...

Jan 24, 2013 2:06PM

Hard Hit California Housing Market Rebounds as Home Values Rise

It appears that one of the nation's largest and most troubled housing markets is getting back to normal. According to data released by DataQuick, Notices of Default (NoDs), the first step in the foreclosure process, on California houses and condos fell 22.1 percent in the fourth quarter of 2012 compared to the third quarter and were down almost 38 percent from the fourth quarter of 2011. California homeowners were a median of eight months behind on their payments when the lender filed the Notice...


Micro News

3:38 PM:

Late Day Weakness as Equities Bounce Back. Caution...

2:10 PM:

Bounce Back Continues. Positive Reprices More Likely

1:20 PM:

No Response To TIPS, Holding Ground Off Previous Lows

11:02 AM:

Treading Water At Technically Precarious Levels

9:33 AM:

Bond Markets Unwind Overnight Gains After Bullish Econ Data

9:10 AM:

ECON: Market Purchasing Managers Index Stronger Than Expected

8:40 AM:

ECON: Jobless Claims Report Posts Another Unexpected Drop

4:11 PM:

Negative Reprices Reported Despite Steady Prices

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Today's Comments

Frank Ceizyk

"Wow--we're back to blame and hopelessness after this news? HARP 2.0 is allowing so many upside down borrowers to refinance and reducing the likelihood..."

Ted Rood

"So true, Julian. I've always said that part of something is better than all of nothing, and I'd really stressing that to my clients currently at..."

cindy vance

"I have been lending for over 25 years and I did not take advantage and overcharge my borrowers. You are all correct and unfortunately, it is true, the..."

Today's Q&A

"Will my credit score be affected by 2 mortgage loan applications and a HELOC?"

"How to fill out a GFE correctly?"

"Is there any harm on purchasing an Agricultural land "


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Mortgage Rates:
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  • 15 Yr FRM 3.12%
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