Mortgage Rates, Misery Index, Foreclosures, Case Shiller, OPEC, Credit Default Swaps
Mortgage Rates Rise as US Market Soars
We get a big, even historic, upward bounce in the US stock market. Meanwhile mortgage rates are taking a negative bounce. The interesting part is that one of the stated US government bailout objectives was to preserve or even increase mortgage affordability. However, these same interventions into markets are [...]
Yields Spread Mortgage Rates Rise, Homebuilders Housing Fix, Soros on Denmark Mortgage Market, Your $700 Billion at Work
Yields Spread and Mortgage Rates Rise
Fannie, Freddie, and Ginnie mortgage bonds continue to pull away from US Treasuries.
The difference between yields on Washington-based Fannie’s current-coupon 30-year fixed-rate bonds and 10-year U.S. Treasuries rose about 21 basis points to 224 basis points as of 4:30 p.m. in New York, data compiled by Bloomberg show. That’s up [...]
Mortgage Rates and Applications Up, Markets Down, Hedge Funds on the Run, Housing Prices–Still Down
Mortgage rates: Volatile, Lock Short, Float Long
MBA reports mortgage applications up despite historic climb in mortgage rates.
Overnight foreign markets take the same tumble that US markets felt yesterday. Look for another messy trading day.
Here comes the run on hedge funds–$43 billion in September.
JPMorgan, Wells Fargo, State Street–report profits, Citigroup and Merrill Lynch show losses.
Bernanke says [...]
Greenspan on Housing Market, US Inflation Jumps, Foreclosures Rapidly Rising Too
WSJ: Greenspan Reflects on the Bottom of the Housing Market, Fannie/Freddie Bailout, and Immigration?
Former Federal Reserve Chairman, Alan Greenspan tries again to call the bottom of the housing market in an interview timed around the release of the paperback version (equipped with a new chapter defending his record) of his recent book. He give sound [...]
