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  • Fri, Feb 7 2014
  • 4:26 PM » U.S. consumer credit posts biggest jump in 10 months
    Published Fri, Feb 07 2014 4:26 PM by Reuters
    WASHINGTON (Reuters) - U.S. consumer credit in December grew by the most in nearly a year due to a sharp increase in credit card usage, a potentially positive sign for the economy.
  • 4:26 PM » Lew: Treasury likely to run out of funds Feb. 27
    Published Fri, Feb 07 2014 4:26 PM by CNBC
    Treasury Secretary Jack Lew urged Congress to lift the debt ceiling, saying he is not confident extraordinary measures will last beyond Feb. 27.
  • 2:52 PM » 5 Takeaways From the January Employment Report
    Published Fri, Feb 07 2014 2:52 PM by WSJ
    The nonfarm payrolls gain of just 113,000 in January was another disappointment, but households had a much better view of jobs last month.
  • 2:52 PM » December Las Vegas Home Sale Press Release
    Published Fri, Feb 07 2014 2:52 PM by DataQuick
    Las Vegas Region December Home Sales Las Vegas-area home sales dropped in December to the lowest level for that month in six years as inventory remained tight and the median price paid for a home climbed to a new high, a real estate information service reported. In December, 3,797 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County). That was up 6.5 percent from the month before and down 15.2 percent from a year earlier, according to San Diego-based DataQuick. The firm tracks real estate trends nationally via public property records. On average, sales between November and December have risen 10 percent since 1994, when DataQuick's complete Las Vegas-area statistics begin. Sales have fallen on a year-over-year basis for the past three months. Total December home sales were the lowest for that month since December 2007, when 2,739 homes sold, and were 21 percent below the average number sold during all months of December since 1994. However, resales of houses and condos combined were 5.9 percent above average for the month of December, while sales of newly built homes were 65.6 percent below the December average. The 52,063 homes sold in the region during all of 2013 marked a 2.8 percent decline from the 2012 sales total. Home sales were limited in 2013 by the thin supply of homes on the market, especially in the lower price ranges. Many owners still can't afford to sell their homes because they owe more than they are worth. Also, lenders aren't foreclosing on as many properties, further limiting the supply of homes for sale. In December, sales of homes priced below $100,000 dropped 49.6 percent compared with a year earlier, while sub-$200,000 transactions fell 32.0 percent year-over-year. The number of homes that sold for $200,000 or more shot up 28.1 percent year-over-year. December sales of homes priced from $200,000 to $500,000 - a range that would include many move-up purchases - increased 25.5 percent from...
  • 1:23 PM » The architect of credit default swaps will no longer be advising the CFTC
    Published Fri, Feb 07 2014 1:23 PM by Washington Post
    And so it's over -- Blythe Masters , widely credited as an architect of the notorious credit default swaps that helped fuel the financial crisis, has withdrawn from a Commodity Futures Trading Commission advisory board, according to the agency. Read full article >>        
    Click Here to Read the Full Article

    Source: Washington Post
  • 11:56 AM » Housing Stretches the Budgets of Lower Income Households
    Published Fri, Feb 07 2014 11:56 AM by National Housing Conference
    by Janet Viveiros, National Housing Conference Discussion of the president's minimum wage proposal in the State of the Union Address last week and debates over cuts to support programs like SNAP, coupled with lackluster job growth, have focused attention recently on the struggle that so many low-income families and individuals face trying to make ends meet even when they work long and hard hours. The gap between what low-income working households earn and what they must spend on basic every day needs is startling. The National Center for Children in Poverty's Basic Needs Budget Calculator determines the absolute minimum hourly wage and annual income a family with full-time workers would need to earn to afford day-to-day essentials like housing, food, transportation, child care, and health care in cities and counties around the country. This wage far exceeds the minimum wage in many states and the budget calculator allows you to see just how stretched thin working families are. Oftentimes, the biggest budget item is housing. Since housing is not a discretionary budget item, many households find themselves spending unaffordable amounts of their income on their housing costs. As Lisa Sturtevant mentioned in her January blog post , in 2012, one in four low- and moderate-income renters spent at least half of their earnings on their rent and utilities. This statistic comes from the annual Housing Landscape report which evaluates housing affordability among low-income working households and set to be released later this month. The situation is even worse for workers who are underemployed or unemployed. My analysis for the Housing Landscape report found that the number of underemployed and unemployed low- and moderate-income households actually grew from over 21 million at the end of the Great Recession in 2009, to 23 million in 2012. One way to relieve some of the pressure on the budgets of low- and moderate-income households is to ensure they have access to decent...
    Click Here to Read the Full Article

    Source: National Housing Conference
  • 11:56 AM » Jobless rate forces Yellen's hand
    Published Fri, Feb 07 2014 11:56 AM by CNBC
    The rapid drop to 6.6 percent in U.S. unemployment means Chair Yellen may have to redraw the Fed's taper plan.
  • 11:15 AM » Which Bidding War Strategies Are The Most Effective?
    Published Fri, Feb 07 2014 11:15 AM by
    Looking at data from more than 10,000 offers Redfin agents wrote in 2013, we analyzed their strategies to determine which ones worked better than others. Read More The post Which Bidding War Strategies Are The Most Effective? appeared first on Redfin Real Estate Blog .
    Click Here to Read the Full Article

  • 11:15 AM » New tools to explore mortgage data
    Published Fri, Feb 07 2014 11:15 AM by CFPB
    Our tool comes loaded with data from the Home Mortgage Disclosure Act (HMDA). You can use our tool to explore information about loans, lenders, properties, and borrower demographics in your area or across the nation. Learn more about the new tool.
  • 10:15 AM » Economists React: For Economy ‘Winter From Hell'
    Published Fri, Feb 07 2014 10:15 AM by WSJ
    U.S. employers added 113,000 jobs in January, and the unemployment rate fell to 6.6%. Economists disagreed about whether the weather played a role, and some found silver linings in Friday's report.
  • 10:11 AM » Not only weather to blame for 'weird' jobs report
    Published Fri, Feb 07 2014 10:11 AM by CNBC
    A second month of surprisingly weak job growth and a lower unemployment rate is sending mixed messages about how much the economy is being impacted by weather or slowing for some other reason.
  • 9:01 AM » NAR: Rent-to-Buy? Try ‘Vacation-to-Buy'
    Published Fri, Feb 07 2014 9:01 AM by Realtor.Org
    We thought we'd seen it all when we caught wind of a peculiar marketing tactic to let potential home buyers spend the night in a house before making an offer. But, of course, things can always go a step further. At luxury communities in Park City, Utah, a sleepover isn't going to cut it. Instead, [...]
  • 8:56 AM » Fed's Fisher: Taper course on track
    Published Fri, Feb 07 2014 8:56 AM by CNBC
    The Fed's Richard Fisher tells CNBC that central bank policymakers are on the right course with tapering.
  • 8:15 AM » Fund investors drop stocks for bonds
    Published Fri, Feb 07 2014 8:15 AM by CNBC
    U.S.-based ETF investors withdrew a net $22.3 billion from their accounts last week, according to Lipper, the highest weekly net outflows on record.
  • 8:11 AM » Greenspan is really worried about this
    Published Fri, Feb 07 2014 8:11 AM by CNBC
    Alan Greenspan tells CNBC he's worried about the spread between 30-year and 5-year Treasury notes.
  • 8:10 AM » Crucial jobs report in focus for Wall Street
    Published Fri, Feb 07 2014 8:10 AM by CNBC
    U.S. stock index futures pointed to a stronger open on Friday, ahead of the government's crucial non-farm payrolls jobs report.
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More From MND

Mortgage Rates:
  • 30 Yr FRM 4.78%
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  • 15 Yr FRM 4.21%
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  • Jumbo 30 Year Fixed 4.80%
MBS Prices:
  • 30YR FNMA 4.5 103-21 (-0-01)
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  • 30YR FNMA 5.0 105-15 (-0-03)
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  • 30YR FNMA 5.5 106-32 (-0-04)
Recent Housing Data:
  • Mortgage Apps -1.15%
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  • Refinance Index -2.64%
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  • Purchase Index 5.06%