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...
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...
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...
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...
The S&P/Case-Shiller Home Price Indices report shows some encouraging signs. Maureen Maitland, of Standard & Poor's, discusses the report in detail.
Shiller Housing index shows home prices declines. (Bloomberg News)
Contrary to expectations, the rapid decline of home prices showed signs of stabilization in April, according to the Case-Shiller Home Price Index, the most influential recorder of prices. The 10-city composite index, which looks at ten major metropolitan areas across the nation, showed an annual price...
A national index of home prices reported on Tuesday that the average price for a home has fallen to a level consistent with the final quarter of 2002. The S&P/Case-Shiller Home Price Index ― which covers 20 metropolitan areas ― showed a price decline of 18.7% in March, suggesting a greater fall in...
The final week of May is a big one for the real estate market as housing data dominates the headlines for the next three days. Tuesday sees the Case Shiller report on home prices for March as well as the first quarter; on Wednesday markets will receive the latest data on Existing Home Sales; and on Thursday...
The S&P Case-Shiller home price index fell less than expected in February, although 10 of 20 metro areas still showed record rates of decline. The S&P Case-Shiller Home Price Index fell to a reading of 143.17 in February again expectations for a decline to 142.80. January's figure was revised...