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The S&P/Case-Shiller Home Price Index has been released... Reuters Quick Recap.... RTRS-US AUG HOME PRICES IN 20 METRO AREAS -0.3 PCT SEASONALLY ADJ (CONSENSUS -0.2) VS -0.2 IN JULY- S&P/CASE-SHILLER RTRS-US AUGUST 20-METRO AREA HOME PRICES UNADJUSTED -0.2 PCT (CONSENSUS +0.2) VS +0.6 PCT IN...
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THE S&P/CASE-SHILLER HOME PRICE INDEX HAS BEEN RELEASED.... Here is a recap from Reuters: 09:00 28Sep10 RTRS-US JULY HOME PRICES IN 20 METRO AREAS -0.1 PCT SEASONALLY ADJ (CONSENSUS -0.1) VS JUNE REVISED +0.2- S&P/CASE-SHILLER 09:00 28Sep10 RTRS-US JULY 20-METRO AREA HOME PRICES UNADJUSTED +0...
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Mortgage rates moved a few basis points higher for the second day in a row yesterday after several lenders were forced to reprice for the worse. The culprit was a modest stock market rally which led investors to sell their "flight to safety" positions. A flight to safety happens when investors...
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Home Today's Headlines ATW Forums Q&A Mortgage Rates Top Stories Case-Shiller Home Price Data Yet to Reflect Increase in Buyer Demand While this release seems scary, I must remind that this report covers FEBRUARY and existing home sales and new home sales were first seen rising in MARCH... - MND...
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Mortgage rates yesterday recovered the rate sheet losses lenders passed along to consumers last Friday. The was no specific reason for the modest improvement. Economic data was absent and trading activity was slow. For the most part, lenders were able to share small gains because mortgage-backed security...
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Mortgage rates made marginal improvements in a slow trading environment yesterday. After some morning volatility, both Treasury yields and mortgage-backed security prices held to a tight range for the rest of the day. All lenders left rate sheets unchanged on the day. At 9:00am, S&P released the...
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Lenders improved mortgage loan pricing by a few basis points early on yesterday, this helped mortgage rates end a three day losing streak. Although mortgage-backed securities prices improved throughout the course of the day, they did not rise enough in price to allow lenders to pass along another round...
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Equity markets around the globe sank following news that Standard & Poor’s lowered Japan’s long-term credit rating outlook to negative from stable. China’s Shanghai index traded down 2.42%, Japan’s Nikkei was down 1.78%, and England’s FTSE 100 is off 0.18%. S&P said...
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Mortgage rates continued to tick higher yesterday as benchmark Treasury yields rose and prices of mortgage backed securities fell for the sixth consecutive session. Most of the losses occurred early in the day, so price weakness was already accounted for on lender rate sheets when theywere issued. The...
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While day trading occupied the minds of fixed income market participants yesterday, prices of mortgage backed securities managed to tick higher, despite considerable gains in stocks. Rates moved higher in the opening hours of the session, however as losses were recovered later in the day, several lenders...
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Mortgage rates were pushed higher yesterday after benchmark Treasury yields moved higher, outside the well defined range that has kept rates relatively stable since August. New supply of Treasury debt combined with several psychological factors pressured MBS prices lower and forced lenders to reprice...
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Despite a rally in equity markets, prices of mortgage-backed securities moved higher yesterday. No economic data was released, trading volume was very thin, however MBS closed at their highest level since early this summer which allowed some lenders to reissue rate sheets with lower consumer borrowing...
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September Consumer Confidence Survey data registered a 53.1 read vs. the consensus estimate of 57.0 and the previous 54.5 (revised from 54.1). Following the release, rates rallied from intraday price lows/yield highs. The FN 4.5 bounced off the intraday low print of 101-01, but failed a test of yesterday's...
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Recap of Yesterday Thinly traded markets...Yom Kippur holiday, no econ data, and quarter end kept flows quiet. Stocks, bonds, dollar, oil all higher in price, no resistance in marketplace...not giving much credence to price trends as trading is not indicative of new bias (yet) S&P recovers what was...
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The S&P/Case-Shiller Home Price Indices report shows some encouraging signs. Maureen Maitland, of Standard & Poor's, discusses the report in detail.