Mortgage Rates Inch To New 7 Month Highs

Mortgage rates avoided the larger-scale swings that they might have considering the important data on tap today. Instead, they merely began the day just barely into their worst levels in about 7 months (depends on the lender, some are improved, others unchanged) and, for the most part, stayed right there despite a good bit of volatility surrounding today's big new. While many lenders are still at 3.625% in terms of Best-Execution for 30yr Fixed, Conventional Loans, 3.75% is increasingly prevalent...

FHA Market Share Continues to Ease, Refinancing at Recent Highs

The share of refinancing relative to all mortgage originations increased sharply in January, rising from 69 percent the previous month to 73 percent while purchase applications hit an historic low. The information comes from Ellie Mae's Origination Insight Report and is compiled from the approximately 3 million loan originations utilizing its software and origination management systems. The refinancing share of closed loans in January was the highest since Ellie Mae began producing its report in...

• Building Permits and Single Family Starts at 5 Year Highs Despite Multi-Family Slump
• Letter on CFPB Exams; Good Site for Bank Research; Bank M&A Continues; Purchase Loans Cost More than Refis?!
• MBS RECAP: Today's Battle Won, Longer Term War Far From Over
• Mortgage Application Volume Dips Again as Rates Move to Five Month Highs
• HARP 2.0 Reaches 1 Million Milestone
• Study Finds Substantial Misrepresentations in RMBS

Micro News

Around the Web

• Financial Services Committee to Receive Fed Chairman's Monetary Policy Report
• Fed Talk on Slowing QE Hits Stocks
• Primary Dealers Play Shrinking Role at Treasury Auctions
• JPMorgan Unit Asks Court to Toss Credit Union Regulator's Suit
• JPMorgan Said to Seek First Sale of Mortgage Bonds Since Crisis
• Minutes of the Federal Open Market Committee, January 29-30, 2013

Video News

	Owens Corning CEO on Housing
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Today's Comments

	"Six agencies to agree on one definition? We can use this example as Exhibit A when describing a completely unhinged, runaway, abusive govt."
	"You only have to look at the National Association of Realtors to see the benefits of self-policing. NAR has installed a standard of ethics and duties for..."
	"This is great, but what will be done to help homeowners that Banks refused to negoiate with that were forced to short sale ?"

Today's Q&A