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Mortgage News Daily

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Strong Home Sales and Price Reports; Mortgage Rates Falling
Posted to: Daily Newsletter
Tuesday, February 26, 2013 5:20 PM

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Feb 26, 2013 12:26PM

January New Home Sales Soar 15.6%, December Better than First Reported

New home sales in January jumped to a seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the December number of 378,000 and a 28.9 percent increase compared to January 2012 when sales were at a rate of 339,000. The December figure was originally reported as 369,000 which had been an -8.8 percent drop from the previous month. According to the new home sales report issued this morning by the Census Bureau and the Department of Housing and Urban Development, sales rose on both...

Feb 26, 2013 10:27AM

Home Prices Close Out Strong 2012 with 6.8% Gain in December

Along with the usual monthly data, S&P/Case Shiller Home Price Indices released this morning also included data for all of 2012 . The indices, a measure of U.S. home prices ended the year with strong gain with the national composite index up 7.3 percent for the year and the 10-City and 20-City Indices posting increases of 5.9 percent and 6.8 percent respectively. On a month-over-month basis both the 10- and the 20- City Indices gained 0.2 percent, reversing the 0.2 percent loss in the 10-City...

Micro News

2:58 PM:

MBS Hit New PM Lows, Negative Reprice Risk Looming

1:21 PM:

Stock Lever Leads Slight Pull-Back Around Auction

10:25 AM:

FED: Bernanke Delivers Prepared Remarks Before Senate Banking Committee

10:21 AM:

ECON: New Home Sales Rise Fastest In 20 Years, Maybe

10:15 AM:

ECON: Consumer Confidence Stronger Than Expected

9:11 AM:

ECON: Case-Shiller Home Pirces Improve Slightly Quicker Than Expected

9:00 AM:

Bond Markets Hold Majority Of Gains Overnight

1:40 PM:

Treasuries, MBS Break Resistance, Positive Reprices

Around the Web

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Too Big To Fail Is Alive and Well: Sen. Vitter

Bernanke on Unwinding Assets

Refinancing at Low Rates Helps Homeowners

Today's Comments

S Reichert

"Great article, smartly written and easy to understand. I've worked as a manager at a large credit union who had recently increased volume because others..."


"The NAHB can't be seious can they? As if "all" builders are above the board and deal honestly. How bout more disclosure on builders; where..."

Robert Dreyer

"Standardize reporting yet allow appraiser's more flexiblity in applying USPAP reporting standards? The ignorance of the appraisal industry evident..."

Today's Q&A

"refinance my second mortgage"

"Is a real estate license required"

"how to remodel if not enough in equity to do what you want"

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More From MND

Mortgage Rates:
  • 30 Yr FRM 3.66%
  • |
  • 15 Yr FRM 2.94%
  • |
  • Jumbo 30 Year Fixed 3.61%
MBS Prices:
Recent Housing Data:
  • Mortgage Apps 10.03%
  • |
  • Refinance Index 11.33%
  • |
  • Purchase Index 8.43%