Feb 14, 2013 4:30PM

Housing Seen as Emerging Bright Spot by Freddie Mac Economists

Even with the unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of 2012, Freddie Mac's chief economist Frank E. Nothaft , and deputy chief Leonard Kiefer, see housing as an emerging bright spot . In the February issue of Freddie Mac's Outlook they point to a number of measures indicating that housing is an improving economic sector including that fixed residential investment made its first positive contribution to GDP growth since 2005, adding 0.4 percent to growth in the...

Feb 14, 2013 3:18PM

Mortgage Rates Recover Modestly After Treasury Auction

Mortgage rates moved slightly lower this afternoon after beginning the day in line with yesterday's worst levels of the year. Things looked relatively bleak as domestic market participants were greeted with flat trading levels vs Wednesday's late day weakness and stronger economic data in the morning that, at first, threatened to take rates even higher. But bond markets, including MBS (the mortgage-backed-securities that most directly affect mortgage rates) were able to hold their ground long enough...


Micro News

3:34 PM:

NY Fed Agency MBS Weekly Summary

1:18 PM:

Strong 30 Auction, Indecision Giving Way To Positivity

9:11 AM:

Bond Markets Stabilize After Knee-Jerk Claims Bounce

8:35 AM:

ECON: Jobless Claims Much Lower Than Expected

2:20 PM:

Equities Weakness Helping Bounce Back Potential

1:05 PM:

MBS Hit Lows After 10yr Auction

12:44 PM:

10yr Auction Bullet Point Preview

9:10 AM:

Head Fake Bounce After Data, Now Back To Weakest Levels

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Today's Comments

josh darrimon

"The idea that there are only 1 or 2 percent of credit reports with material inaccuracies is amusing. I guess it depends on the definition of a material..."

John DeLeva

"Recent policy changes and the increasing cost of FHA MIP will likely leave FHA serving only the highest risk borrowers. FHA will not likely abandon it's..."

Ted Rood

"Let's see, FHA is $16,000,000,000 in the hole. Our best and brightest's solution: Raise rates for both refinances and purchases, giving borrowers..."

Today's Q&A

"Advertising using DBA for LLC"

"Advertising as an LLC"

"Can I take the California real estate licensing test in North Carolina "