Feb 25, 2013 4:26PM

Mortgage Rates Drop At Fastest Pace In Three Weeks After Italian Elections

Mortgage rates moved lower today by the widest margin in over three weeks. The faster-paced movement is courtesy of political tensions in Italy surrounding the country's elections over the past two days. Markets had expected a Bersani victory, which would be as close to a status quo as possible and seen as best for European stability. Instead, Berlusconi may have won control of at least half of the Italian parliament. Markets perceive this as a negative development for EU stability, and such negative...

Feb 25, 2013 3:01PM

Bi-Partisan Commission Issues Suggestions for Housing Reforms

A bi-partisan group of former senators, Cabinet secretaries, and other housing and economic experts have released what is termed a new proposal for a housing finance system . The report called Housing America's Future: New Directions for National Policy was produced by the Bipartisan Policy Center's Housing Commission under a grant from the MacArthur Foundation. It asks for a review of federal housing policy calling the current system outdated and not equipped to keep pace with today's demands and...


Micro News

1:40 PM:

Treasuries, MBS Break Resistance, Positive Reprices

10:39 AM:

Bonds Bounce Back On Waxing Italian Election Uncertainty

9:13 AM:

Bond Markets Weaker As Italian Exit Polls Start Hitting

12:15 PM:

MBS Catch Up To The Rally (Somewhat), Positive Reprices

9:27 AM:

Bond Markets Unchanged After Opening Slightly Weaker

3:15 PM:

MBS Dip Below Previously Supportive Range Into 3pm Close

1:19 PM:

Narrow Range Challenging Best Levels. Reprice Potential?

10:13 AM:

ECON: Existing Home Sales In Line With Expectations

Around the Web

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Santelli's Midday Bond Report

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U.S. Housing Recovery to Accelerate, Wetenhall Says


Today's Comments

S Reichert

"Great article, smartly written and easy to understand. I've worked as a manager at a large credit union who had recently increased volume because others..."

Im4theSon

"The NAHB can't be seious can they? As if "all" builders are above the board and deal honestly. How bout more disclosure on builders; where..."

Robert Dreyer

"Standardize reporting yet allow appraiser's more flexiblity in applying USPAP reporting standards? The ignorance of the appraisal industry evident..."

Today's Q&A

"refinance my second mortgage"

"Is a real estate license required"

"how to remodel if not enough in equity to do what you want"