Thu, Oct 8 2009, 3:03 PM
Mortgage rates just keep going down according to data released this week by both Fannie Mae and Freddie Mac. Both the 5-year Treasury-indexed hybrid ...
Thu, Oct 8 2009, 1:23 PM
The day’s data has been mixed but sentiment continues to run high on Wall Street after third-quarter earnings posted after the bell yesterday beat exp...
Wed, Oct 7 2009, 10:09 AM
Mortgage rates held below 5.00 percent for the third consecutive week helping refinance and purchase loan demand increase, according to a weekly repor...
Wed, Oct 7 2009, 9:33 AM
Equity markets look poised to extend the two-day rally this morning. The day ahead is light on data, with only the consumer credit report at 3pm, but ...
Wed, Oct 7 2009, 3:17 PM
Freddie Mac and Fannie Mae are reporting to be running a pilot program to help independent mortgage banks obtain warehouse type credit. The program, ...
Wed, Oct 7 2009, 1:17 PM
Stocks performed well in the Asian session on Wednesday, but trading in Europe was mixed and, at mid-day, it looks as though the US session will follo...
Tue, Oct 6 2009, 8:22 AM
Futures in the S&P 500 are trading 10 points higher this morning following a global rally. In Asia, the Nikkei moved up slightly after three consecuti...
Tue, Oct 6 2009, 1:16 PM
A global advance in equities helped US stocks continue to rally on Tuesday. The last two days have seen stocks rise enough to erase losses from the pr...
Mon, Oct 5 2009, 11:27 AM
Trading has been volatile in the first 90 minutes on Monday but markets now appear to have found a direction. The only data release this morning was t...
Mon, Oct 5 2009, 11:27 AM
While delinquencies are still on the rise reflecting a continued weak economy and rising unemployment, Fannie Mae and Freddie Mac are also increasing ...
Mon, Oct 5 2009, 8:22 AM
Markets slipped 1.8% last week but overall September saw shares rise 3.6%, indicating that investors do not believe the market has overheated despite ...
Fri, Oct 2 2009, 12:38 PM
This morning’s employment report was called “terrible,” “dreary,” “bleak,” and “painful,” but halfway through the session equity markets are only mode...
Fri, Oct 2 2009, 8:17 AM
Mixed data caused US equities to simply plummet yesterday, marking the third straight decline in markets. The benchmark S&P 500 fell 2.6% on the day, ...
Thu, Oct 1 2009, 11:05 AM
Existing home sales could see a boost next month, according to an industry survey that looks at contracts that have been signed but not yet finalized....
Thu, Oct 1 2009, 8:24 AM
The fourth quarter begins today with a torrent of fresh data, plus speeches from Fed chairman Ben Bernanke and Atlanta Fed president Sandra Pianalto.
...
Thu, Oct 1 2009, 3:49 PM
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between September 24...
Thu, Oct 1 2009, 3:20 PM
Mortgage interest rates are flirting with record low territory again according to the results of Freddie Mac's Primary Mortgage Market Survey. The su...
Thu, Oct 1 2009, 1:27 PM
Stocks are once again tumbling as talk of increased regulation is underway on Capital Hill. Fresh data on the nation’s manufacturing sector didn’t hel...
Wed, Sep 30 2009, 8:21 AM
Mortgage rates remained below 5% for the second week in a row, yet the low rates fail to spur increased appetite for refinancing, new loans, or purcha...
Wed, Sep 30 2009, 8:14 AM
It’s one day before the start of the fourth quarter and global stock markets are rallying. US equity futures are looking to erase yesterday’s losses, ...
Wed, Sep 30 2009, 2:07 PM
The Office of Thrift Supervision and the Office of Comptroller of the Currency reported on Tuesday that mortgage delinquencies and foreclosures are st...
Wed, Sep 30 2009, 1:52 PM
The stock market turned ugly this morning after an index from the windy city reported that business conditions were back in the red. An earlier report...
Tue, Sep 29 2009, 10:00 AM
Home prices continued to stabilize in 18 of the 20 metropolitan areas surveyed in July, an industry survey showed Tuesday. Thirteen of the 20 metro ar...
Tue, Sep 29 2009, 8:17 AM
Stock prices are trading lower this morning after yesterday’s blistering 1.78% gain. Commodity prices are mixed with oil slightly above $66, well belo...
Tue, Sep 29 2009, 2:31 PM
In their monthly summary, Fannie Mae today said their retained portfolio was unchanged at $779.4 billion in August of 2009. This follows an 18.2% cont...
Tue, Sep 29 2009, 1:32 PM
After an unexpected drop in consumer confidence spurred on a stock sell-off this morning, all three equity indexes are clawing their way back to uncha...
Mon, Sep 28 2009, 9:24 AM
Markets are looking optimistic this morning ahead of an insanely busy week. Monday begins slowly with no major macroeconomic data on the schedule, but...
Mon, Sep 28 2009, 1:04 PM
US equities were quick out of the gate on Monday morning. In just a few hours stocks have came close to erasing all of last week’s losses. As of 1pm, ...
Fri, Sep 25 2009, 10:47 AM
New home sales increased for the fifth straight month in August, but the 0.7% gain didn’t match the median estimate of +1.6%. The annual pace of sales...
Fri, Sep 25 2009, 8:13 AM
Equity futures are looking slightly up in anticipation of some major data releases this morning. Global markets have been mixed, while the US$ is stro...
Fri, Sep 25 2009, 1:06 PM
Weak orders for durable goods and a soft advance in new home sales have contributed to a lackluster performance in equity markets today. While a boost...
Thu, Sep 24 2009, 10:49 AM
The National Association of Realtors said sales of existing homes fell 2.7% in August, pushing the annual rate to 5.10 million units from 5.24 million...
Thu, Sep 24 2009, 8:13 AM
The sharp sell-off in yesterday’s final hour hurt investor sentiment around the globe and contributed to general uncertainty about near-term prospects...
Thu, Sep 24 2009, 1:56 PM
All three equity indexes have extended yesterday’s late day weakness into today. After a modest open, the S&P is trading near the lows of the day, dow...
Wed, Sep 23 2009, 8:39 AM
Stocks are flat and the US dollar is nearing 2009 lows as the Federal Reserve prepares to release its monetary policy statement this afternoon. It’s a...
Wed, Sep 23 2009, 8:06 AM
Mortgage rates fell below 5% for the first time since mid-May last week, leading to increased appetite for refinancing, new loans, and purchases, an i...
Wed, Sep 23 2009, 4:31 PM
Upon release of an upbeat communiqué from the Federal Reserve’s Open Market Committee, equity indexes jumped up to 11-month highs and the dollar weake...
Wed, Sep 23 2009, 3:02 PM
When Federal Reserve chairman Ben Bernanke called the recession “very likely over” last week, there was some talk about whether his colleagues on the ...
Tue, Sep 22 2009, 12:13 PM
The US dollar continues to weaken after a pause on Monday, boosting appetite for dollar-denominated commodities and pushing share prices up. Crude oil...
Tue, Sep 22 2009, 12:11 PM
Home prices bottomed out in the second quarter but prices are not rising as quickly as forecasters had assumed, an industry survey said Tuesday.
T...
Tue, Sep 22 2009, 8:29 AM
The Federal Reserve’s Open Market Committee begins its two-day monetary policy meeting today. Investors expect policy to remain accommodative well int...
Mon, Sep 21 2009, 11:21 AM
Following a downturn in equity markets across the globe, US stocks opened sharply lower on Monday morning. A fifth straight advance in the Leading Eco...
Mon, Sep 21 2009, 8:30 AM
Equity markets across the globe are in sell-mode this morning, leading the US futures market to point to a lower opening while the US dollar is showin...
Fri, Sep 18 2009, 12:54 PM
The main headline this morning doesn’t come from the markets, which are mixed on light trading, but from the Treasury, which closed its guarantee on m...
Fri, Sep 18 2009, 10:28 AM
Officials from four federal departments and agencies and attorneys general of 12 states met in Washington on Thursday to discuss what was termed an "e...
Fri, Sep 18 2009, 8:24 AM
Take a glance at the schedule and you could be forgiven for thinking it’s a holiday. No data from the US is will hit markets all day, nor are there Tr...
Fri, Sep 18 2009, 4:02 PM
The Federal Housing Administration (FHA) today announced several significant policy changes that are intended to improve the housing agency's exposure...
Fri, Sep 18 2009, 1:43 PM
The government agency protecting mortgage lenders against losses has been burning through its liquidity as it attempts to stem the rising tide of fore...
Thu, Sep 17 2009, 12:54 PM
Mixed housing and labor reports caused equity markets to flounder on Thursday morning. Early gains were given up, and after a second climb appeared to...
Thu, Sep 17 2009, 9:43 AM
The total number of housing starts came in at 598k, just 2k below the consensus forecast. But, rather than being driven by single-family starts, the n...
