Quicken Loans Capital Markets Update – Treasuries and Mortgage Securities React to Job Market News
Treasuries and mortgage securities rallied this morning in reaction to worse-than-expected jobless rate news.
Quicken Loans Capital Markets Update – Treasuries and Mortgage Securities React to Job Market News
Treasuries and mortgage securities rallied this morning in reaction to worse-than-expected jobless rate news.
Despite Mortgage Rates Near Historic Lows, Mortgage Applications Decrease 18.9 Percent
Last week, the number of Americans applying for mortgages decreased 18.9% when compared to the week prior, according to a report released today by the Mortgage Bankers Association (MBA).
Quicken Loans Capital Markets Update – Pending Home Sales Show Slight Gain
Pending Home Sales report indicates that exisiting home sales show a slight increase month over month, following increases from the past three months – a hopeful indicator that the housing slump is beginning to bottom out.
Quicken Loans Capital Markets Update – Case/Shiller Index Signals Home Price Declines Abating
Home price declines (as reported by the Case/Shiller index) fell at a slower pace than forecast, signaling the plunge in home prices is abating.
Quicken Loans Capital Markets Update – Shortened Holiday Week Puts Focus on Economic Reports
On this shortened holiday week, the markets will focus primarily on economic reports, interest rates and the almighty dollar.
Quicken Loans Capital Markets Update – Investors Disappointed by Fed’s Failure to Extend Treasury and MBS Buying
Investors seem universally disappointed by the Fed’s failure to extend its Treasury and MBS buying. The Dow and Treasuries traded lower following the release of the FOMC policy statment.
New Home Sales Dip in Latest Report
The U.S. Census Bureau, along with the Department of Housing and Urban Development, today announced that sales of new, single-family homes fell 0.6% in May when compared with the month prior.
Quicken Loans Capital Markets Update – Treasury Prices Lower Again This Morning Ahead of T-Note Auction
Treasury prices are lower this morning, ahead of today’s $40 billion, two-year T-Note auction.
Has the Housing Market Hit the Bottom? Existing Home Sales Have First Back-to-Back Monthly Gain Since September 2005
The National Association of Realtors announced today that existing home sales in May increased 2.4% as compared to April 2009. While home sales were up, the inventory of unsold homes fell 3.5%t to 3.80 million units, representing a 9.6 month supply.
« Previous Entries