Mon, Nov 2 2009, 11:01 AM
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 6.1 percent to 110.1 from a reading of 103.8 in...
Mon, Nov 2 2009, 10:16 AM
The institute for supply management released the Manufacturing ISM Report on Business this morning. "Economic activity in the manufacturing sector exp...
Mon, Nov 2 2009, 8:15 AM
Volatility in the stock market left equities in a state of pessimism last week. The S&P 500 lost 4.02% in the five trading sessions, including a 2.81%...
Mon, Nov 2 2009, 1:12 PM
Mortgage bankers reported a substantial increase in per-loans profits during the second quarter of 2009 and an increase in loans, especially refinanci...
Fri, Oct 30 2009, 12:56 PM
The resolution would extend the present conventional loan limits for Fannie and Freddie through the 2010 calendar year at 125 percent of local median ...
Fri, Oct 30 2009, 8:20 AM
Upbeat earnings and the +3.5% GDP report helped US stocks jump around 2% yesterday, though the gains weren’t enough to wipe out losses from earlier in...
Thu, Oct 29 2009, 7:52 AM
quities were slashed yesterday after the new home sales report posted an unexpected 3.6% decline for September. The S&P 500 fell 1.95%, the Nasdaq she...
Thu, Oct 29 2009, 3:00 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 22 a...
Thu, Oct 29 2009, 2:59 PM
Mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary Mortgage ...
Thu, Oct 29 2009, 1:15 PM
While we generally try to avoid getting caught up in political poo throwing, we know many are anxiously awaiting news from Capitol Hill regarding the ...
Wed, Oct 28 2009, 8:09 AM
Shares in the S&P 500 have fallen for three consecutive days and on Wednesday futures are extending those losses ahead of fresh data and more Q3 earni...
Wed, Oct 28 2009, 7:26 AM
In last week's release, which reported data for the week ending October 16, mortgage application activity fell 13.7% as mortgage rates rose from 5.02%...
Wed, Oct 28 2009, 3:42 PM
This month single family new home sales fell for the first time since March. The annual pace of new homes sales was 402,000 sales per year, well below...
Tue, Oct 27 2009, 12:12 PM
This month, the S&P Case Shiller Home Price Index continued to improve as prices in 17 of 20 metro cities increased in August, albeit at a slower pace...
Tue, Oct 27 2009, 7:44 AM
US equities are mixed in this morning’s future session after shares fell more than 1% on Monday. S&P 500 and Dow futures are each looking slightly up,...
Mon, Oct 26 2009, 7:55 AM
Eight trading days have passed since the Dow crossed 10,000 for the first time in over a year. Yet mixed data and third-quarter earnings since then ha...
Fri, Oct 23 2009, 11:14 AM
The House Financial Services Committee passed the Consumer Financial Protection Act on Thursday. The legislation will consolidate regulation of finan...
Fri, Oct 23 2009, 8:02 AM
Equity futures are flat to slightly lower this morning after shares in the S&P 500 jumped 1.06% yesterday. Today markets will received fresh data for ...
Fri, Oct 23 2009, 4:44 PM
Freddie Mac released their activity summary today. This data reports on monthly and year-to-date activity for Freddie Mac's Total Mortgage, Retained a...
Fri, Oct 23 2009, 2:08 PM
Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percen...
Thu, Oct 22 2009, 10:11 AM
This data set tracks new filings for unemployment insurance benefits and the number of Americans who continue to receive state unemployment benefits (...
Thu, Oct 22 2009, 8:07 AM
Equity markets in the US have been falling for two consecutive days. Ahead of several data reports, speeches from Federal Reserve officials, and a del...
Thu, Oct 22 2009, 5:02 PM
The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions in financ...
Wed, Oct 21 2009, 10:38 AM
The Mortgage Banker's application survey covers over 50% of all US residential mortgage loan applications taken by mortgage bankers, commercial banks,...
Wed, Oct 21 2009, 7:31 AM
Equities are looking to extend yesterday’s losses in this morning’s pre-trading session. The data schedule is light today with no major releases sched...
Wed, Oct 21 2009, 4:05 PM
The Senate Banking Committee held a hearing on Tuesday as part of its consideration of a proposal to extend the November 30 end date of the homebuyers...
Wed, Oct 21 2009, 3:30 PM
The Beige Book is a summary of economic conditions around the country. About a month before the upcoming FOMC meeting, each of the 12 regional Federa...
Tue, Oct 20 2009, 11:20 AM
New housing starts rose less than expected to 590,000 annualized units, economists were expecting a rise of 610,000 units after a read of 598,000 in A...
Tue, Oct 20 2009, 9:22 AM
The Departments of Treasury and HUD announced a new two-prong program to keep Housing Finance Agencies in the lending business. One part of the progr...
Tue, Oct 20 2009, 7:19 AM
US equities are poised to open at fresh one-year highs on Tuesday morning. Sentiment is higher owing to Apple’s post-closing bell announcement that it...
Mon, Oct 19 2009, 8:31 AM
Last Week saw equities hit 12-month highs across the globe, including in Australia, Hong Kong, India, Russia, Europe, England, Brazil and of course th...
Fri, Oct 16 2009, 8:19 AM
US equities are looking to open lower after an earnings report from Bank of America missed the mark this morning. On the week the S&P 500 remains up 2...
Fri, Oct 16 2009, 2:27 PM
Equities opened lower this morning following disappointing earnings results from Bank of America, and losses were extended 25 minutes into the session...
Thu, Oct 15 2009, 12:33 PM
Jobless claims are down, inflation is benign, and manufacturing conditions were positive for the third straight month, but trading is jittery as inves...
Thu, Oct 15 2009, 8:14 AM
Equity futures are retaining gains after yesterday’s 1.75% climb. The day ahead is full of new economic data and sentiment is generally higher as earn...
Thu, Oct 15 2009, 5:21 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the four trading days between October 8 an...
Thu, Oct 15 2009, 3:37 PM
Freddie Mac's Primary Mortgage Market Survey for the week ended October 15 was released on Thursday. The report showed all four mortgages tracked by ...
Wed, Oct 14 2009, 11:27 AM
The Mortgage Bankers Association has issued an economic forecast that projects further increases in unemployment but continued low interest rates, hig...
Wed, Oct 14 2009, 8:11 AM
Demand for mortgage applications was unable to keep pace with the five-month peak reached in final week of September, according to the Mortgage Banker...
Wed, Oct 14 2009, 8:09 AM
With the dollar remaining weak, investors are finding other safe havens to store their money, which helped drive the price of oil past $75 for the fir...
Tue, Oct 13 2009, 12:44 PM
The House of Representatives has passed a bill that extends the first-time homebuyers tax credit for one year for military families and certain other ...
Tue, Oct 13 2009, 12:33 PM
Stocks are slipping, the dollar is down, and gold is at new highs. The Dow and S&P 500 closed at 12-month peaks on Monday but trading is skittish toda...
Tue, Oct 13 2009, 8:21 AM
Tuesday morning begins on a light note but in the afternoon the Treasury releases its final budget statement for fiscal year 2009, and the third-quart...
Mon, Oct 12 2009, 8:30 AM
Last week the S&P 500 added 4.5%, gold hit a record high, and the US dollar tested new lows for the year. So much for a turning point. This week begin...
Mon, Oct 12 2009, 4:38 PM
Markets opened higher on Monday and appeared steady throughout the morning, with all three indexes hitting intraday highs for the year. But at 2pm inv...
Fri, Oct 9 2009, 8:12 AM
President Barack Obama won the Nobel Peace Prize this morning. The 44th president is the third sitting president to receive the honor but the first to...
Fri, Oct 9 2009, 4:28 PM
After slipping for two weeks, equities opened the fourth quarter with the best week over week rally since July.
The Dow closed above the 12-month h...
Fri, Oct 9 2009, 2:32 PM
The Congressional Oversight Panel charged with keeping an eye on TARP expenditures has released a report that questions the effectiveness of the HAMP ...
Thu, Oct 8 2009, 8:14 AM
S&P 500 futures are looking to open 9 points higher following yesterday’s mixed session. Sentiment is up as Q3 earnings reports began yesterday, which...
Thu, Oct 8 2009, 5:21 PM
The U.S. Departments of Treasury and Housing and Urban Development announced on Thursday that a goal of 500,000 loan modifications has been reached ne...
