Apr 15, 2013 3:58PM

Tight Inventories Spark California Home Price Boom

A sudden surge in single family home prices in California coupled with flat sales are both attributed by the California Association of Realtors® (C.A.R.) to a scarcity of available homes for sale, especially in the lower price ranges. The median price is at a five year high after an unprecedented spike in March. Existing single-family homes sold at a seasonally adjusted annual rate of 417,520 in March, up a scant 0.1 percent from a rate of 417,310 in February but down 4.9 percent from the March...

Apr 15, 2013 2:08PM

Mortgage Rates Improve Slightly, Near 2013 Lows

Mortgage rates moved lower for the 3rd straight day, moderately extending the solid improvements seen late last week, and bringing rates very close to 2013 lows. Depending on the rate, some lenders are actually slightly lower in cost than they were on April 5th after the weak Employment Situation Report resulted in the best rate sheet offerings since early January, but the majority are just marginally higher. Either way, b est execution ( what is this? ) for 30yr Fixed loans is near is firmly 3.5...


Micro News

12:56 PM:

MBS Grudgingly Break Into New Highs. Positive Reprice Potential

10:06 AM:

ECON: NAHB Housing Market Index Lowest Since October

9:09 AM:

Bond Markets Slightly Stronger, Considering Resistance Levels

8:35 AM:

ECON: Empire State Manufacturing Weaker Than Expected

1:13 PM:

Stock Lever Disconnect. New Highs For MBS. Positive Reprices

11:38 AM:

Stock Lever Staying Connected, For Better Or Worse

10:17 AM:

ECON: Business Inventories Rise Much Less Than Expected

10:13 AM:

ECON: Consumer Sentiment Hits Nine Month Low

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Today's Comments

Jeff nelson-bungert

"Update to the Update: I wrote a sort of play by play if you will of my wife and my efforts to get a Hamp back in 2009. There were three articles submitted..."

Bryan/Mortgage Finance Group, Inc.

"I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm..."

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..."

Today's Q&A

"Is there any risk to me if the bank I'm borrowing from does not require Lender's Title Insurance?"

"Applying with more than one lender"

"Who qualifies for FHA 30 year fixed mortgage rates?"