Mortgage And Real Estate News

The Day Ahead: Empty Econ Calendar. Stocks Set to Slide at Open

In line with weak global markets, US equities are looking to open lower this morning. Two hours before the bell sounds S&P 500 futures are down 8.2 points at 1,086 and the Dow is off 68 points to 10,259.\r\n\r\nFollowing the trend, commodity prices are...

Fed MBS Purchases Focus on New Loan Production

The Fed's weekly net MBS purchases totaled $16.00 billion, $2.5 more than the previous, holiday shortened week. The majority of Fed purchases were in 4.5 and 5.0 MBS coupons this week. These are called "production" or "current "...

MBA Reports Record Delinquency Rates. Will Get Worse Before Improving

The Mortgage Bankers Association reported that delinquency rates during the third quarter hit all time highs. Prime mortgages and FHA mortgages appear to be driving the increases while subprime loans problems may be leveling off.

Freddie Mac: Record Low 15 Year Fixed Rate Mortgage

Almost all short and long term mortgage interest rates fell during the most recent week with the 15-year FRM reported by Freddie Mac hitting an all-time low. Only Fannie's short term ARM increased during the week.

The Day Ahead: Dollar Firms, Equities Retreat Before Jobless Claims, LEI, Philly...

New 13-month peaks early in the week and now . . .hesitation. Ninety minutes before the opening bell, S&P 500 futures are off 10 points to 1,098 and Dow futures are 66 points lower at 10,338.\r\n\r\nWith equities taking a dip, other assets considered...

Housing Starts Fall. Single Family Building Permits On Hold

While we anticipated housing starts and permits would fall in October, today's data was a big surprise to most market participants as economists were expecting housing starts to increase to 600,000 and permits to increase to a 580,000 annual rate...

Refinance Applications Down 1.4%. Purchase Index at 12 Year Low

In this week's release, which reports on loan application activity for the week ending November 13, 2009, new loan application fell 2.5%, even as the 30 year fixed-rate mortgage fell 0.7% to 4.83. The refinance index decreased 1.4% and the purchase...

The Day Ahead: Housing Starts and Inflation Data

Sitting comfortably at 13-month highs, equities are beginning the day moving sideways ahead of data on inflation and the housing market.\r\n\r\nThe Dow looks to open 21 points higher at 10,419 and the S&P 500 is 2.5 points up at 1,110. \r\n\r\nThe dollar...