Send Article via Email

Mortgage Rates Recover Yesterday's Losses, Back In Line With Monday

Mortgage rates did a complete 180, for the second straight session. This reverses yesterday's rise in borrowing costs, taking them back in line with Monday's more palatable offerings in most cases. While some lenders are slightly better or worse than Monday, the average rate sheet continues to hover around the 3.625% Best-Execution level for 30yr Fixed, Conventional loans. That means that for all the volatility we've seen--and considering the somewhat dramatically worded "180" degree turns, the swings...

Improving Markets List Expands to Include at Least One Major City in Every State

All fifty states and the District of Columbia are now represented on the Improving Markets Index (IMI) that was released today by National Association of Home Builders (NAHB) and First American Title Insurance. The February IMI expanded to a total of 259 metropolitan areas with the addition of 20 cities to the list The new cities represented 15 states with five of those states, Georgia, Indiana, Kansas, North Carolina, and Texas adding two metropolitan areas each. Among the new additions were Racine...

• Mortgage Applications Rise 3.4%, Rates Move Higher
• MBS RECAP: Window Waxing Continues, Europe In Play
• Zany Commercial and Multifamily Numbers; Upcoming Training and Events
• PNC Hit with Fine for Denying Loan to Veteran on Maternity Leave
• MBS MID-DAY: Leveling Off After Moderate Morning Weakness
• The Day Ahead: Bond Markets Open to Suggestion Amid Lack of Data

Micro News

Around the Web

• Lawmakers draw battle lines on FHA housing finance agency
• Housing Recovery Boosts Leasing: Prologis CEO
• Return of 100% Financing
• The Housing Recovery Continues
• Recent Libor Settlements Are Just Tip of the Iceberg
• Tim Geithner to write book about fighting financial crisis

Video News

	Sheila Bair on Libor Scheme & DOJ Post S&P
	Santelli's Afternoon Bond Update
	Wyndham CEO on Strong Earnings Results

Today's Comments

	"I just wanted to Thank MG, and all of the regular contributor to MND for sharing your insights and knowledge. I'm a consumer who has been following..."
	"Makes perfect sense, which means it probably won't get very far through congress. What does monetary policy have to do with unemployment anyway, other..."
	"Ha I like the Karate Kid in the title--was thinking the same thing this morning."

Today's Q&A