Feb 6, 2013 3:32PM

Mortgage Rates Recover Yesterday's Losses, Back In Line With Monday

Mortgage rates did a complete 180, for the second straight session. This reverses yesterday's rise in borrowing costs, taking them back in line with Monday's more palatable offerings in most cases. While some lenders are slightly better or worse than Monday, the average rate sheet continues to hover around the 3.625% Best-Execution level for 30yr Fixed, Conventional loans. That means that for all the volatility we've seen--and considering the somewhat dramatically worded "180" degree turns, the swings...

Feb 6, 2013 12:00PM

Improving Markets List Expands to Include at Least One Major City in Every State

All fifty states and the District of Columbia are now represented on the Improving Markets Index (IMI) that was released today by National Association of Home Builders (NAHB) and First American Title Insurance. The February IMI expanded to a total of 259 metropolitan areas with the addition of 20 cities to the list The new cities represented 15 states with five of those states, Georgia, Indiana, Kansas, North Carolina, and Texas adding two metropolitan areas each. Among the new additions were Racine...


Micro News

4:13 PM:

MBS Reluctantly Hit Highs. Limited Reprice Potential Persists

1:24 PM:

MBS Bounce Back As Markets Swing Back Toward "Risk-Off"

10:54 AM:

Quick Addendum To Previous Alert: More Risk

10:48 AM:

MBS At Weakest Levels, Very Slightly Increasing Reprice Risk

9:59 AM:

Bond Markets In Positive Territory, Motivation Lacking

10:13 AM:

ECON: ISM Non-Manufacturing Mixed, Comments Relatively Upbeat

9:27 AM:

Bond Markets Weaker As Risk-Off Moves To Risk-On

4:10 PM:

Stock Lever Helps Reinforce Afternoon Stability

Around the Web

Video News

Sheila Bair on Libor Scheme & DOJ Post S&P

Santelli's Afternoon Bond Update

Wyndham CEO on Strong Earnings Results


Today's Comments

Corey Cummings

"I just wanted to Thank MG, and all of the regular contributor to MND for sharing your insights and knowledge. I'm a consumer who has been following..."

Bryan/Mortgage Finance Group, Inc.

"Makes perfect sense, which means it probably won't get very far through congress. What does monetary policy have to do with unemployment anyway, other..."

Frank Ceizyk

"Ha I like the Karate Kid in the title--was thinking the same thing this morning."

Today's Q&A

"How can a person on disability get a loan for a home, who has no credit."

"Purchase the property note"

"What is the logic behind the June 1, 2009 HARP date?"