Mar 27, 2013 4:13PM

Mortgage Rates Break Cyprus Slide, Move to 2-Week Lows

Mortgage rates moved lower today at their fastest pace in more than a week, bringing them in line with their lowest levels since last week's Cyprus-related market movement. Lender pricing strategies continue to be varied and some lenders didn't improve nearly as much as the average. That said, it was enough to clearly tip the scales in favor of 3.625% as a prevailing Best-Execution rate ( what is this? ) for 30yr Fixed loans. 3.75% and 3.5% may be more viable depending on the scenario and the lender...

Mar 27, 2013 5:34PM

Servicers Report Loan Performance Continued to Increase in Q4

The Office of Comptroller of the Currency (OCC) is reporting that the quality of mortgage loans serviced by selected national and federal savings banks continued to improve in the fourth quarter of 2012. OCC's Mortgage Metric Report covers 29.0 million loans with $4.9 trillion in principal balances, approximately 57 percent of outstanding mortgage loans in the U.S. Current and performing loans increased from 88.6 percent in the third quarter to 89.4 percent at the end of December. In December 2012...

Micro News

2:56 PM:

Back To Middle Of Today's Range. Negative Reprice Risk?

1:21 PM:

Uneventful 5yr Auction Leaves Gains Intact, Maybe More

10:09 AM:

ECON: Pending Home Sales -0.4 vs +0.2 Consensus

9:40 AM:

European Concerns Surge Overnight, Bond Markets Rally

4:01 PM:

Late Day Illiquidity Causing Volatility. MBS Slightly Weaker

2:39 PM:

Back To More Neutral Stance Into Afternoon

12:30 PM:

Edging Into Positive Reprice Territory

10:23 AM:

Relatively Tepid, Slightly Positive Response To Data

Around the Web

Video News

Fed's Kocherlakota: Monetary Policy Not Accommodative Enough

5-Year Note Auction Results

Santelli: Too Early to Talk Euro Recovery

Today's Comments

Frank Ceizyk

"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

David Z.

"Rob, great article. But I was really hoping you would close the loop with answers to the question you pose in the 3rd paragraph regarding cutoff dates..."

Jana Holmstrup

"Wonder if these Senators and AGs would be as demanding if we asked THEIR states to pay for the principal reductions."

Today's Q&A

"AZ Lot Loans Available?"

"Flipping a home with out a license"

"Can I use a section of raw land as equity for a down payment for our new home? "