Jan 7, 2013 10:37AM

Confidence in Housing Market Grows, Despite Fiscal Cliff Turmoil

Fannie Mae's Chief Economist pointed to the turmoil over the fiscal cliff and debt ceiling for a sharp drop in consumer confidence in December. Fannie Mae's National Housing Survey recorded a 5 point month-over-month decline in the percentage of respondents who think the nation's economy is "on the right track" to 44 percent while "wrong track" responses rose from 50 to 53 percent. At the same time confidence in the housing sector grew with consumers showing continued positive attitudes toward home...

Jan 7, 2013 12:13PM

List of Improving Housing Markets Reaches 242 in December

The list of improving housing markets posted by the National Association of Home Builders (NAHB) and First American Title took a huge jump in January, increasing from the 201 markets listed in December to 242 . The list now includes at least one metropolitan area in each of 48 states and the District of Columbia. Forty-seven new metropolitan areas were added to the list while six were dropped. The NAHB/First American Improving Markets Index (IMI) lists metro areas which have shown improvement from...

Micro News

2:05 PM:

MBS Grinding Steadily At Highs, Slight Chance Of Reprices

9:38 AM:

Bond Markets Struggling Sideways, Lacking Inspiration

2:56 PM:

Positive Reprice Potential Continues. MBS, Treasuries at Best Levels

1:41 PM:

Several Positive Reprices As MBS Level Off Near Highs

10:20 AM:

ECON: Factory Orders Weaker Than Expected

10:15 AM:

ECON: ISM Non-Manufacturing Stronger Than Expected

9:17 AM:

Bond Markets Weaker Overnight, NFP Brings More Indecision

8:45 AM:

ECON: Non-Farm Payrolls As Expected, Bond Markets Fighting

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Today's Comments

Ted Rood

"Locked a 15 year this PM at 2.75%. With rates this good, I'm hesitant to float as the potential for improvement, while there, is less than the potential..."

Jason Harris

"I don't see them requiring bank LO's to pass licensing tests. The biggest banks have way too many personal bankers selling 1st lien portfolio loans..."

Ted Rood

"Gosh, MIke, sorry you are so offended. Not sure why you would think there's a limited pool of folks eligible to refi with HARP, FHA and VA streams..."

Today's Q&A

"Can a spouse refinance a mortgage loan in one name without the signature of the other spouse?"

"is it illegal to charge your clients a transaciton fee?"

"Can LO commissions be returned? "