Prices of mortgage backed securities posted modest gains yesterday in an uneventful trading session. Intraday gains didn’t warrant reprices for the better from lenders, however because the rally has carried over into today, mortgage rates are better this morning! This morning we got a read on the...
It was a bumpy ride in the secondary mortgage market yesterday. At the open, MBS prices moved considerably higher, however, the gains did not last long. Most lenders issue rate sheets around 10am eastern and by that time, MBS had given back all of the early morning gains. This forced several lenders...
Today's reports will focus on the state of housing sector in the U.S. with the release of the U.S housing starts and building permits along with the release of the National Association of Realtors quarterly commercial real estate market forecast. At 8:30 a.m. EDT, Statistics Canada's International...
Right on the heels of the National Association of Realtors rather glum report on the sale of existing houses during the fourth quarter of 2006 the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their monthly joint report on housing starts and housing permits for...
The usual spate of monthly reports on new home sales, existing home sales, housing starts, and builder confidence were all released recently. Taken together they do little to clarify the state of the housing market. First out was the National Association of Home Builders/Wells Fargo Housing Market Index...
Two studies released in the last few days indicate that both new home construction and the sale of existing homes continue to merrily roll along. The National Association of Realtors (NAR) reported on Monday that, according to preliminary figures, existing home-sales had set yet another new record in...