Apr 2, 2013 2:55PM

Mortgage Rates Near March Lows As Potential Volatility Looms

Mortgage rates held steady or improved slightly today in MOST cases, though this isn't true for every lender. The day itself was flat and uneventful for the Mortgage-backed-securities (MBS) that most directly affect rates, though trading levels were slightly weaker. This means that lenders passed along some of the strength yesterday afternoon that wasn't necessarily enough to justify positive reprices. None of the improvements were enough to suggest a change to the prevailing b est execution ( what...

Apr 2, 2013 11:45AM

MBS MID-DAY: Europe Leads Risk Rally, MBS Standing Ground

- Factory Orders +3.0 vs +2.9 Consensus - January revised from -2.0 to -1.0 - Excluding Defense Sector +2.4 vs +1.0 in Jan - February Durable Goods revised to 5.6 from 5.7 - Excluding Transportation +0.3 vs +2.0 Market Reaction: stocks are slightly higher


Micro News

1:51 PM:

Fed's Kocherlakota repeats call for more policy easing

1:49 PM:

Fed may be able to pull back on stimulus this year-Lockhart

1:16 PM:

MBS Continue Holding, But Just Barely

10:08 AM:

ECON: Factory Orders Slightly Higher Than Expected

9:12 AM:

Moderately Weaker Overnight, Europe Leads The Way

3:14 PM:

Quiet Session Continues. Several Positive Reprices

10:23 AM:

Bond Markets Improve After ISM Data, But Hitting Resistance

10:11 AM:

ECON: Construction Spending Slightly Higher Than Expected

Around the Web

Video News

Fannie Mae Record Profit

Lockhart Predicts End of Asset Purchases

90 Seconds with Art Cashin: Sell in May Go Away?


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

"80% LTV Refinance Cash Out Loans"

"delaying first payment buying a VA home "

"gelsying first payment buying a VA home "