Register or Sign in        Email This Page     Link To This Page    
Visit MND at MBA in NYC!
# of Visitors Per Month

Send Article via Email

Can forward to 6 email addresses at a time. Register or Login

Registered users also get the additional advantage of Co-branded Emails and Landing Pages. Learn more about these features.

Your Name: 
Your Email: 
I want to forward this to
(Enter Email Address Below) :
Include a Personal Message (optional)

Please add 5 and 2 and type the answer here:
Leave this field blank.
Email Preview Below:
This feature is now 100% free. Learn More About Co-branded Email and our other Co-branded Services.
This email was sent to you by:
Anonymous |
Mortgage News Daily

Email alerts, such as this one, are a free service provided by Mortgage News Daily. If you would like to receive an alert when important news breaks please register to join our community.
Existing Home Sales Slightly Weaker than Forecast; Limited Reaction
Posted to: Micro News
Friday, February 21, 2014 10:10 AM

Forward this email:  Send a copy of this story to someone you know that may want to read it.

Much in the same vein as previous economic reports this week, bond market trading volume has increased noticeably while yields/prices haven't moved in the first few minutes.  Stocks may be rising though, and that could be the deciding factor for the bond market reaction.  We'll see.

Unlike the week's previous housing-related economic releases, Existing Home Sales were fairly close to consensus.  Here's the run-down:

Existing Home Sales

  • 4.62 mln vs 4.68 mln forecast (January, annualized pace)
  • Lowest since July 2012
  • December unrevised at 4.87 mln
  • 1.9 mln units for sale, 4.9 months worth
  • 15 percent were distressed sales
  • Median prices decline from $198k to $188.9k.  Still 10.7 pct higher year over year

10yr yields still steady at 2.757 and Fannie 4.0s just half a tick under 104-00 (down 2 on the day)

More from MND:


If you would like to opt-out of receiving email forwards from this person please click here to remove your email address.

Forward this email:  Send a copy of this story to someone you know that may want to read it.


More From MND

Mortgage Rates:
  • 30 Yr FRM 3.77%
  • |
  • 15 Yr FRM 3.05%
  • |
  • Jumbo 30 Year Fixed 3.58%
MBS Prices:
  • 30YR FNMA 4.5 108-19 (-0-01)
  • |
  • 30YR FNMA 5.0 110-18 (0-01)
  • |
  • 30YR FNMA 5.5 111-25 (-0-03)
Recent Housing Data:
  • Mortgage Apps -2.58%
  • |
  • Refinance Index 0.28%
  • |
  • Purchase Index -7.02%