Oct 11, 2012 2:56PM

Mortgage Rates Improve For The First Time In A Week

Mortgage rates finally improved on Thursday after moving sideways or higher since last Thursday. The drop in rates/costs was broad-based with less of the stratification between lenders noted yesterday. Depending on the scenario, this gets some of the more aggressive lenders back into 3.25% territory, while many others remain at 3.375%, simply with lower borrowing costs vs yesterday. ( Read More:What is A Best-Execution Mortgage Rate? ) Bond markets and mortgage-backed-securities began the day slightly...

Oct 11, 2012 10:03AM

Foreclosure Activity at Lowest Level in 5 Years; Severe Problems Continue in Some States

Foreclosure activity nationwide fell to the lowest level in September since almost the beginning of the foreclosure crisis according to RealtyTrac's U.S. Foreclosure Market Report released this morning. Foreclosure filings fell 7 percent from the August level to a total of 180,427 or one in every 730 housing units. The total is 16 percent below filings in September 2011 and the lowest since July 2007. RealtyTrac is an Irvine, California firm that tracks three categories of foreclosure filings gathered...


Micro News

1:19 PM:

MBS Fall Moderately But Quickly Following 30yr Auction. Now Bouncing Quickly Too!

12:09 PM:

30yr Auction Preview; MBS At Session Highs

10:27 AM:

Fed's Stein Says Firmly Behind Latest Stimulus

9:29 AM:

Bond Markets In Weaker Territory Overnight, AM Data Not Helping

8:44 AM:

ECON: Import And Export Prices Both Rise Faster Than Expected

8:42 AM:

ECON: Trade Gap Widens As Expected In August

8:39 AM:

ECON: Jobless Claims Lowest Since February 2008

2:08 PM:

Beige Book Uneventful, But With Some Housing/Mortgage Specifics

Around the Web

Video News

Santelli: Initial Jobless Claims 'Dropped Like a Rock'

Bank of America's Moynihan on U.S. Housing, Deficit

Pre-Market Report: Earnings Keep Markets Down


Today's Comments

Steve Geryk

"Exactly Frank. It is not the appraisal killing the deal."

Frank Ceizyk

"Appraisals are killing sales, or unrealistic prices are being negotiated between buyers and sellers and their agents?"

Frank Ceizyk

"Ummm--wow--it took you 3 months to respond to my post and that's the best you can do? Where do I implicate or blame ignorant consumers? The financially..."

Today's Q&A

"Is using a broker a really bad idea when trying to refi to a Harp 2.0 loan?"

"My broker told me he was going to lock in my rate. "

"Do squatter rights exist in US?"