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Home Sales News

NEW Fannie and Freddie Release Weekly Rate Summaries

Thu, Aug 6 2009, 1:53 PM

After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage...

NEW Mortgage Rates Fall, Still Hard to Get Loan

Wed, Aug 5 2009, 8:20 AM

National mortgage rates moderated in the week ending July 31, spurring demand for new loans after a slump in the previous week, according to a weekly ...

NEW Mortgage Rates Rise. Discussing Good Faith Estimates

Tue, Aug 4 2009, 12:33 PM

Following better than expected manufacturing data, domestically and abroad, Treasuries and Mortgage Backed Securities sold off yesterday, returning al...

NEW Pending Home Sales Advance for Fifth Straight Month

Tue, Aug 4 2009, 11:05 AM

Pending Home Sales were expected to advance for the fifth straight month in June, but the gain was supposed to be meager. Instead, sales jumped 3.6% i...

NEW The Day Ahead: Pending Homes Sales Expected to See 5th Monthly Gain

Tue, Aug 4 2009, 8:25 AM

With the S&P 500 improving 1.5% yesterday, Sal Guatieri from BMO Capital Markets noted that the index has seen its best five-month performance since 1...

NEW The Week Ahead: Looking for Confirmation of Stabilization

Mon, Aug 3 2009, 8:12 AM

This week is a busy one for the macroeconomy as markets and analysts will receive some of the first major indicators of how the nation is faring at th...

NEW Discussing Calls for Leadership in the Mortgage Industry

Fri, Jul 31 2009, 6:36 PM

A combination of better and simpler disclosures from lenders, combined with the assurance of complete and accurate information from borrowers, would g...

NEW GSEs Say Mortgage Rates Rose Last Week

Thu, Jul 30 2009, 2:29 PM

Mortgages rates rose across the board during the most recent week according to data released by both Fannie Mae and Freddie Mac. Freddie Mac's vice p...

NEW Erratic Mortgage Rates in Volatile Marketplace

Wed, Jul 29 2009, 11:59 AM

The roller coaster theme of recent weeks continues. Yesterday mortgage backed securities were unable to hold onto impressive early morning gains follo...

NEW The Roller Coaster Ride Continues. Mortgage Rates Improve

Tue, Jul 28 2009, 12:52 PM

Reports from fellow mortgage professionals are indicating that mortgage rates are improved this morning. The par 30 year conventional rate mortgage i...

NEW Mid-Day Recap: Stocks Fall Despite Major Gain in New Homes Data

Mon, Jul 27 2009, 11:58 AM

Markets jumped in the minutes after the New Home Sales report posted its biggest one-month leap in eight year, as of noon in Monday’s session all thr...

NEW New Home Sales Jump in June

Mon, Jul 27 2009, 10:46 AM

The morning began with great news for the housing market. Sales of new single-family homes shot up 11% in June ― the biggest one-month jump in eight y...

NEW The Week Ahead: Housing Data, Treasury Auctions, Q2 GDP Estimates

Mon, Jul 27 2009, 8:06 AM

Housing data and Treasury auctions totaling $115 billion dominate the calendar between Monday and Thursday, but the big news this week will be the fir...

NEW Mortgage Rates Fail to Hold Below 5.00%

Fri, Jul 24 2009, 11:02 AM

In what has become a common occurrence of late, mortgage rates failed to hold below 5%. Following a sizeable rally earlier in the week, mortgage back...

NEW Mixed Markets Move Mortgage Rates Higher

Thu, Jul 23 2009, 12:18 PM

Mortgage rates ticked lower yesterday after mortgage backed securities rallied on Tuesday. However, yesterday weakness in fixed income began to snowba...

NEW Existing Home Sales Advance. Concerns Over HVCC Growing

Thu, Jul 23 2009, 11:46 AM

First-time homebuyers and the sales of distressed properties helped drive the pace of Existing Home Sales up for the third consecutive month in June. ...

NEW Mortgage Rates Move Below 5%

Wed, Jul 22 2009, 11:09 AM

Mortgage backed securities and treasuries went on quite a rally yesterday following Ben Bernanke’s first day of testimony on Capitol Hill. After open...

NEW Mortgage Rates Moved Higher Last Week

Mon, Jul 20 2009, 12:41 PM

Last week proved to be tough for mortgage backed securities. Many mortgage professionals and consumers alike cheered as rates opened Monday at 4.875%...

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 Mortgage Rates Tick Higher to Start Third Quarter

Wed, Jul 1 2009, 12:02 PM

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 Rates Holding Steady on this Holiday Shortened Week

Tue, Jun 30 2009, 1:04 PM

NEW Mortgage Rates Look for Direction and the Week Ahead

Mon, Jun 29 2009, 11:29 AM

NEW The Week Ahead: Holiday Shortened Calendar

Mon, Jun 29 2009, 8:17 AM

NEW New Home Sales Stagnate. April Revisions Mitigate May Decline

Wed, Jun 24 2009, 10:52 AM