Mar 15, 2013 4:06PM

California Home Prices Benefit from Short Inventory, Sales Suffer

California house prices have now risen on an annual basis for a full year according to the California Association of Realtors® ( C.A.R. ). The median price of an existing single family home sold for $333,800 in February, down 1 percent from the January median of $337,360 but an increase of 24.2 percent from February 2012. In addition to marking a full year of annual price increases, February was the eighth consecutive month with annual increases in double digits. Sales of existing single-family...

Mar 15, 2013 1:38PM

Mortgage Rates Continue Leveling-Off, Improving Slightly

Mortgage rates improved modestly , capping a week that's seen rates either move sideways or slightly lower every day. Today's stability and ultimately, improvements came as the result of uneventful overnight trading and a small surge in "asset allocation" trading out of stocks and into bond markets after stocks opened. General bond market strength benefits MBS, the securities that most directly affect mortgage rates. Weaker-than-expected Consumer Sentiment data continued to keep demand high for less...


Micro News

2:45 PM:

MBS Stretch To Higher Highs, Reprice Potential Persists

10:09 AM:

ECON: Consumer Sentiment Weaker Than Expected

9:19 AM:

ECON: Industrial Production Higher Than Expected

9:14 AM:

Quiet Overnight, Quiet Morning, But Not Without Risks

8:45 AM:

ECON: Core Consumer Prices As Expected

8:40 AM:

ECON: Empire State Manufacturing Roughly In Line With Expectations

1:32 PM:

Weak 30yr Auction Puts Bonds Back In Their Place, Or Does It?

9:19 AM:

3 Employment Reports, 3 Directions, Bond Markets Weaker

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Today's Comments

akaagassi

"I see $8,000+ seller credit if using the builders lender - that's not built into the price? You're a fool if you think for a second that it isn't..."

Jason Harris

"In our current regulatory environment, I am surprised the affiliate model has lasted this long. I don't see a long shelf life for practices as they..."

craig simons

"I certainly respect the risk and investment a builder makes - with very little certainty and assurance a transaction will close - but coercing buyers ..."

Today's Q&A

"Rob's column today mentioned the Agency increase eff. 5/1 when did that announcement occur?"

"As a licensed Colorado Real Estate Broker, how do I become licensed in Arkansas?"

"Can you use a gift as a partial source for the down payment on an investment purchase (1-4)?"