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Mortgage And Real Estate News Fannie and Freddie: Mortgage Rates Fell Last Week Mid-Day Recap: Equities Make Fresh 2009 Highs The Day Ahead: Trade Balance and Jobless Claims Before the Bell Congress Warns Loan Servicers about Lackluster Efforts Mid-Day Recap: Stocks Inch Higher Ahead of Beige Book Option ARM Resets a Looming Cause for Concern The Day Ahead: Treasury Auctions and Fed's Beige Book Mortgage Applications Increase as Rates Tread Near 5% Mid-Day Recap: Markets Seek Direction in Sideways Trading The Week Ahead: Markets Get Back to Work FHA Disputes Whispers of Capital Reserve Problems The Day Ahead: Investors Anxious to Know if Job Losses Moderated in August Fed MBS Purchases Increase for Fifth Consecutive Week Freddie Mac: 30 Year Fixed Mortgage Rate at 5.08% Mid-Day Recap: Markets Mostly Flat Ahead of Employment Report
Both Fannie Mae and Freddie Mac reported that average interest rates edged down during the most recent weeks for which data is available.
According to Freddie Mac’s Primary Mortgage Market Survey for the week ended September 10, the 30-year fixed...
In late August, Wall Street was worried that the March to August run-up in equity prices had become overheated, but since September 2 the Dow has added 2.81%, the benchmark S&P 500 has edged up 3.81%, and the Nasdaq has climbed 4.76%.
Those advances...
US stock markets are looking for a flat open after the S&P 500 moved up 0.78% yesterday, but prices could change quickly depending on the outcome of two data releases an hour before the bell. The news is set to be mixed: the monthly trade deficit...
Rep. Barney Frank has warned loan servicers that their performance is increasing chances that cram down legislation will pass. At the same time, a Treasury official testified to substantial progress in the HAMP program which incentivizes servicers to...
Despite a slow open, equity markets have been quietly climbing higher on Wednesday, helped out by a series of minor but positive headlines that are boosting investor sentiment.
Approaching 1pm, an hour before the Federal Reserve releases its anecdotal...
Fitch Ratings has projected a dramatic increase in defaults among some $189 billion in Option ARM mortgages as 88 percent of these recast by the end of 2010. Borrowers may see their monthly payments increase by 63 to 100 percent.
It’s another day of slow economic news but, unlike yesterday, US markets are looking down, potentially ending three days of gains. Globally, European equities are performing strong while China’s Shanghai Index post its seventh straight gain, but equities...
Demand for mortgage loans and refinancing surged last week, spurred by a drop in mortgage rates, an industry survey said. Purchases also saw the largest weekly gain since early April.
The Mortgage Bankers Association (MBA) said interest rates for a...
Markets are moving sideways in what has been a slow day day on Wall Street. After having digested nonfarm payroll cutbacks over the long weekend, investors returned to the trading floor today looking for new direction. As of 2pm the S&P 500 leading...
Extending on two days of gains before the long weekend, equity futures are looking higher on Tuesday with the benchmark S&P a full 1% up. Globally, equity markets were in the black across the board, including a 2.14% advance in Hong Kong’s Hang Seng...
The Commission of the FHA responded this morning to an article in the Wall Street Journal that stated the agency was nearing the trigger point mandated by Congress for its capital reserves. David Stevens said that additional reserves will prevent major...
The decline in July’s nonfarm payrolls was the smallest in 11 months, so the Employment Situation report for August should bring optimism to markets so long as the trend continues towards improvement. Judging by the data released so far, that looks far...
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between August 27 and September 2, the Federal Reserve purchased a total of $25.65 billion agency MBS.
According to Freddie Mac's Primary Mortgage Market Survey for the week ended September 3, most mortgage rates declined from the week before. Fannie Mae's posting of weekly yields, however, were slightly higher than the previous week.
Markets are pretty much flat again, indicating most participants are playing it safe ahead of tomorrow's all important Employment Situation Report. The S&P 500 opened 0.60% higher this morning before it fell into negative forty minutes into the...