Category: 2nd mortgage

Mortgage Rates Hold Steady At All Time Lows

Posted By : at 08.53 pm

Posted To: Mortgage Rate Watch

Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows. Despite an abundance of domestic economic data out this morning, r ates continue to be indirectly fueled by political and economic turmoil in the Euro-zone. After failing to form a new government, Greece today announced it would hold new elections. Investors fear that those left in power will lead Greece to back-out of the austerity pledges required by the EU and IMF for recent bailout monies as well as Greece’s membership in the EU. If Greece stops receiving that money, they’re all but guaranteed to officially default (their recent debt-restructuring was already a default by some standards), and also all but guaranteed to be booted out of the European Union. If those things happen, investors…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

Lackluster NAHB Home Builder Outlook, Despite Record Rates

Posted By : at 09.54 pm

Posted To: Voice of Housing

Don’t expect much — or any positive — movement. Despite record low rates and the lowest historical affordability rates on record, the fundamental issues plaguing new home sales persist . The National Association of Home Builders (NAHB)/Wells Fargo will release its Housing Market Index (HMI) on Tuesday, May 15. The index measures builders’ outlooks for the economy and the housing market over the next six months. Although several metrics, including the HMI, have shown general growth over the past year, first quarter growth has been considerably minimal. Moreover, the HMI actually decreased to 25 in April for the first time in several months, falling to 2007 levels. This decrease is especially noticeable considering that it is now the spring buying period. The HMI may be positively…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

Lackluster NAHB Home Builder Outlook, Despite Record Rates

Posted By : at 09.54 pm

Posted To: Voice of Housing

Don’t expect much — or any positive — movement. Despite record low rates and the lowest historical affordability rates on record, the fundamental issues plaguing new home sales persist . The National Association of Home Builders (NAHB)/Wells Fargo will release its Housing Market Index (HMI) on Tuesday, May 15. The index measures builders’ outlooks for the economy and the housing market over the next six months. Although several metrics, including the HMI, have shown general growth over the past year, first quarter growth has been considerably minimal. Moreover, the HMI actually decreased to 25 in April for the first time in several months, falling to 2007 levels. This decrease is especially noticeable considering that it is now the spring buying period. The HMI may be positively…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

Lackluster NAHB Home Builder Outlook, Despite Record Rates

Posted By : at 09.54 pm

Posted To: Voice of Housing

Don’t expect much — or any positive — movement. Despite record low rates and the lowest historical affordability rates on record, the fundamental issues plaguing new home sales persist . The National Association of Home Builders (NAHB)/Wells Fargo will release its Housing Market Index (HMI) on Tuesday, May 15. The index measures builders’ outlooks for the economy and the housing market over the next six months. Although several metrics, including the HMI, have shown general growth over the past year, first quarter growth has been considerably minimal. Moreover, the HMI actually decreased to 25 in April for the first time in several months, falling to 2007 levels. This decrease is especially noticeable considering that it is now the spring buying period. The HMI may be positively…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

Lackluster NAHB Home Builder Outlook, Despite Record Rates

Posted By : at 09.54 pm

Posted To: Voice of Housing

Don’t expect much — or any positive — movement. Despite record low rates and the lowest historical affordability rates on record, the fundamental issues plaguing new home sales persist . The National Association of Home Builders (NAHB)/Wells Fargo will release its Housing Market Index (HMI) on Tuesday, May 15. The index measures builders’ outlooks for the economy and the housing market over the next six months. Although several metrics, including the HMI, have shown general growth over the past year, first quarter growth has been considerably minimal. Moreover, the HMI actually decreased to 25 in April for the first time in several months, falling to 2007 levels. This decrease is especially noticeable considering that it is now the spring buying period. The HMI may be positively…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

MBS RECAP: Week Ends With Light Volume At Highs

Posted By : at 08.20 pm

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual observer role as European markets and equities underwent the bigger gyrations. German Bunds hit another record low yield and US Treasuries continued to move in the same direction as Bunds, but on a much smaller scale. Overall, the Europe-induced nausea–apart from being one of the main reasons yields are low in the first place–was also good enough to help Treasuries not bat much of an eyelash at a relatively major correction in stocks. S&P’s moved up over 15 points in the first few hours of trade after tanking overnight on the JP Morgan news. But Treasuries held their ground, inviting production MBS to do the same. In very uneventful fashion, Fannie…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

MBS RECAP: Week Ends With Light Volume At Highs

Posted By : at 08.20 pm

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual observer role as European markets and equities underwent the bigger gyrations. German Bunds hit another record low yield and US Treasuries continued to move in the same direction as Bunds, but on a much smaller scale. Overall, the Europe-induced nausea–apart from being one of the main reasons yields are low in the first place–was also good enough to help Treasuries not bat much of an eyelash at a relatively major correction in stocks. S&P’s moved up over 15 points in the first few hours of trade after tanking overnight on the JP Morgan news. But Treasuries held their ground, inviting production MBS to do the same. In very uneventful fashion, Fannie…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

MBS RECAP: Week Ends With Light Volume At Highs

Posted By : at 08.20 pm

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual observer role as European markets and equities underwent the bigger gyrations. German Bunds hit another record low yield and US Treasuries continued to move in the same direction as Bunds, but on a much smaller scale. Overall, the Europe-induced nausea–apart from being one of the main reasons yields are low in the first place–was also good enough to help Treasuries not bat much of an eyelash at a relatively major correction in stocks. S&P’s moved up over 15 points in the first few hours of trade after tanking overnight on the JP Morgan news. But Treasuries held their ground, inviting production MBS to do the same. In very uneventful fashion, Fannie…(read more)

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Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

MBS RECAP: Week Ends With Light Volume At Highs

Posted By : at 08.20 pm

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual observer role as European markets and equities underwent the bigger gyrations. German Bunds hit another record low yield and US Treasuries continued to move in the same direction as Bunds, but on a much smaller scale. Overall, the Europe-induced nausea–apart from being one of the main reasons yields are low in the first place–was also good enough to help Treasuries not bat much of an eyelash at a relatively major correction in stocks. S&P’s moved up over 15 points in the first few hours of trade after tanking overnight on the JP Morgan news. But Treasuries held their ground, inviting production MBS to do the same. In very uneventful fashion, Fannie…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

MBS RECAP: Week Ends With Light Volume At Highs

Posted By : at 08.20 pm

Posted To: MBS Commentary

MBS Live : MBS Afternoon Market Summary Volume was fairly light today for MBS and Treasuries alike. Both were more keen to take the casual observer role as European markets and equities underwent the bigger gyrations. German Bunds hit another record low yield and US Treasuries continued to move in the same direction as Bunds, but on a much smaller scale. Overall, the Europe-induced nausea–apart from being one of the main reasons yields are low in the first place–was also good enough to help Treasuries not bat much of an eyelash at a relatively major correction in stocks. S&P’s moved up over 15 points in the first few hours of trade after tanking overnight on the JP Morgan news. But Treasuries held their ground, inviting production MBS to do the same. In very uneventful fashion, Fannie…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Categories : 2nd mortgage, Foreclosure, home mortgage, Mortgage Refinance, Pre Foreclosure, Uncategorized

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