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Housing News

NEW Weekly Freddie Mac Survey Reports Lower Mortgage Rates

Thu, Jul 16 2009, 4:09 PM

According to Freddie Mac's weekly survey, mortgage rates drifted down for the third consecutive week although they remain well above the record lows e...

NEW Fed Purchases $22.17bn Agency MBS in Week Ending July 15

Thu, Jul 16 2009, 4:02 PM

The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between July 9 and J...

NEW NAHB Applauds GSE Adjustments of Appraisal Guidelines

Wed, Jul 15 2009, 12:36 PM

Freddie Mac made several "Best Practices" recommendations for selecting appraisers and reviewing their products. One of these contained the statement...

NEW Stocks Lifted by Intel Earnings, Benign CPI, Decent IP

Wed, Jul 15 2009, 11:51 AM

If the first hour of trading is any guide, markets will see their third day of gains this week following two weeks of declines. And stocks aren’t just...

NEW Lower Mortgage Rates Spur Demand for New Loans

Wed, Jul 15 2009, 8:46 AM

A major drop in mortgage rates helped demand for loans move up yet again, including a surge of refinance activity. The Market Composite Index ― a w...

NEW Mid-Day Recap: Stocks Struggling to Maintain Monday Gains

Tue, Jul 14 2009, 11:52 AM

The main events of the morning were soaring producer prices, a better-than-expected retail sales report (driven, however, by fuel costs), slipping bus...

NEW Mid-Day Recap: Financial Stocks Lead Equity Market Higher

Mon, Jul 13 2009, 12:08 PM

The Nasdaq dropped an entire percentage point in early trading but 90 minutes into the session all three major indexes have rebounded into positive te...

NEW Mid-Day Recap: Markets To End Week 2-3% Lower

Fri, Jul 10 2009, 1:39 PM

Markets opened higher on Friday after the Trade Balance for May hit a ten-year low, but when a Consumer Confidence report wiped away the previous thre...

NEW Freddie Mac Weekly Rates Decline in Response to Economic News

Thu, Jul 9 2009, 12:00 PM

Mortgage interest rates dropped again this week according to the results of Freddie Mac’s Primary Mortgage Market Survey for the week ended July 9. ...

NEW Mid-Day Recap: Stocks Mixed After Labor Data

Thu, Jul 9 2009, 11:47 AM

Markets opened higher due to a smaller-than-expected loss in Q2 from Alcoa, whose earnings were posted after the closing bell yesterday. In addition, ...

NEW Fed Purchases $17.050 Billion Agency MBS. Over Half of Allocated Funds Now Used

Thu, Jul 9 2009, 5:09 PM

The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS).In the four trading days between July 2 and Ju...

NEW Mid-Day Recap: Pessimism Hits Markets, Stocks Extend Losses

Wed, Jul 8 2009, 12:09 PM

Stock markets have been quite volatile this morning: the major indexes managed to stay positive in the first ninety minutes of trading but at 11 am al...

NEW Mortgage Applications Rebound, Rates Unchanged

Wed, Jul 8 2009, 9:18 AM

Demand for mortgage loans rebounded just before the holiday weekend, even as the average rate for a 30-year mortgage failed to improve, according to a...

NEW FBI Says Mortgage Fraud Increased in 2008. MND Looks Ahead at 2009.

Wed, Jul 8 2009, 5:01 PM

Although active participants in mortgage fraud may have subsided,until jobs start getting created again and the demand for housing returns we will mos...

NEW Mid-Day Recap: Not Such a Hot Summer After All

Tue, Jul 7 2009, 11:25 AM

Despite some optimism a few hours before the bell, markets opened lower once the first of two weekly retail sales reports came in with disappointing f...

NEW ABA Says Delinquencies on Rise. MND Says Bad Implications for Housing Recovery

Tue, Jul 7 2009, 1:57 PM

The American Bankers Association's (ABA) today released Consumer Credit Delinquency data. The ABA report said that the composite ratio, which tracks d...

NEW Mid-Morning Recap: Stocks Extend Losses Despite Gain in ISM Services Data

Mon, Jul 6 2009, 10:50 AM

The only data release for the day was the ISM-Non Manufacturing Index, but markets shrugged it off and extended their losses even though it came in hi...

NEW Mid-Day Recap: Labor Reports Send Markets into Freefall

Thu, Jul 2 2009, 11:23 AM

The pace of losses in the labor market had been moderating for four months but in June nearly half a million jobs vanished from the economy, in contra...

NEW The Day Ahead: Markets Hesitant Ahead of Employment Data

Thu, Jul 2 2009, 8:16 AM

Markets are edging lower ahead of the 8:30 release of Nonfarm Payrolls. A lot is hanging on this report as many forecasts for the economy are dependen...

NEW Mixed Data for Real Estate, ISM Index Improves

Wed, Jul 1 2009, 10:53 AM

Three data releases at 10:00 failed to sing in tune with each other. A key indicator of output showed some improvement but is still contracting overal...

NEW Mortgage Applications Nosedive in Late June

Wed, Jul 1 2009, 8:49 AM

NEW The Day Ahead: Markets Optimistic Ahead of Big Day

Wed, Jul 1 2009, 8:11 AM

NEW HARP Guidelines Allow for 125% LTV. Originators Still Skeptical

Wed, Jul 1 2009, 5:52 PM

The Home Affordable Refinance Program was designed to assist borrowers who have demonstrated an acceptable payment history on their existing Fannie Ma...

NEW Mortgage Performance: Fighting Rising Rate of Foreclosures with Loan Modifications

Wed, Jul 1 2009, 1:26 PM

NEW Fannie Mae Expands Portfolio, Delinquencies Rising

Tue, Jun 30 2009, 10:02 AM

NEW Case-Shiller Says Pace of Home Price Declines Slowed in April

Tue, Jun 30 2009, 9:52 AM

NEW The Week Ahead: Holiday Shortened Calendar

Mon, Jun 29 2009, 8:17 AM

NEW Mid-Morning Recap: Stocks Fail to Rise Despite Gains in Income, Sentiment

Fri, Jun 26 2009, 10:58 AM

NEW New Home Sales Stagnate. April Revisions Mitigate May Decline

Wed, Jun 24 2009, 10:52 AM