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Posts Tagged ‘ Rates ’

Mortgage News Daily: Mortgage Rates at 4.22%, Down from 4.45% Last September

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Mortgage News Daily: Mortgage Rates at 4.22%, Down from 4.45% Last September

I use the weekly Freddie Mac Primary Mortgage Market Survey® (PMMS®) to track mortgage rates. The PMMS series started in 1971, so there is a fairly long historical series. For daily rates, the Mortgage News Daily has a series that tracks the PMMS very well, and is usually updated daily around 3 PM ET....
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BLS: State unemployment rates little changed in July

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BLS: State unemployment rates little changed in July

From the BLS: Regional and State Employment and Unemployment Summary Regional and state unemployment rates were generally little changed in July. Thirty states had unemployment rate increases from June, 8 states had decreases, and 12 states and the District of Columbia had no change, the U.S. Bureau of Labor Statistics reported today. Forty-nine states...
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FOMC Minutes: Discussion of how to communicate that rates will be low for a long long time

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FOMC Minutes: Discussion of how to communicate that rates will be low for a long long time

There was a policy planning discussion on how best to communicate that rates would be low for a long time. From the Fed: Minutes of the Federal Open Market Committee, October 29-30, 2013. First an excerpt on fiscal policy:  Participants generally saw the direct economic effects of the partial shutdown of the federal government...
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Lawler on Homebuilders: Rising mortgage rates, Higher home prices, Resulted in a material slowdown in net home orders last quarter

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Lawler on Homebuilders: Rising mortgage rates, Higher home prices, Resulted in a material slowdown in net home orders last quarter

Some comments from housing economist Tom Lawler: • PulteGroup, the nation’s second largest home builder, reported that net home orders in the quarter ended September 30, 2013 totaled 3,781, down 16.8% from the comparable quarter of 2012. The company’s community count at the end of last quarter was down 15% from a year ago....
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Freddie Mac: Mortgage Serious Delinquency rates declined in June, Lowest since early 2009

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Freddie Mac: Mortgage Serious Delinquency rates declined in June, Lowest since early 2009

Freddie Mac reported that the Single-Family serious delinquency rate declined in June to 2.79% from 2.85% in May. Freddie’s rate is down from 3.45% in June 2012, and this is the lowest level since May 2009. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are “three monthly payments or...
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Freddie Mac: 30 Year Mortgage Rates Decline to 4.37% in Latest Weekly Survey

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Freddie Mac: 30 Year Mortgage Rates Decline to 4.37% in Latest Weekly Survey

From Freddie Mac today: Mortgage Rates Cool Off Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates easing along with market concerns over the Federal Reserve’s bond purchase program … 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.7 point for the week...
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JPMorgan: At or above current mortgage rates “refinance volumes and margins will be under pressure”

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JPMorgan: At or above current mortgage rates “refinance volumes and margins will be under pressure”

A few excerpts from the JPMorgan investor presentation (Q2 results): Mortgage Production pretax income of 2mm, down 9mm YoY, reflecting lower margins and higher expense, partially offset by higher volumes and lower repurchase losses Mortgage originations of .0B, up 12% YoY and down 7% QoQ Purchase originations of .4B, up 50% YoY and 44%...
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BLS: State unemployment rates were “little changed” in May

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BLS: State unemployment rates were “little changed” in May

From the BLS: Regional and state unemployment rates were little changed in May Regional and state unemployment rates were little changed in May. Twenty-five states had unemployment rate decreases, 17 states had increases, and 8 states and the District of Columbia had no change, the U.S. Bureau of Labor Statistics reported today. … Nevada...
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Freddie Mac: Mortgage Rates decrease slightly in latest Survey

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Freddie Mac: Mortgage Rates decrease slightly in latest Survey

From Freddie Mac today: Mortgage Rates Edge Down for Second Week Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates edging down for the second consecutive week following weak employment reports. 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.8 point for the...
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Fannie Mae, Freddie Mac Mortgage Serious Delinquency rates mostly unchanged in December

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Fannie Mae, Freddie Mac Mortgage Serious Delinquency rates mostly unchanged in December

Fannie Mae reported that the Single-Family Serious Delinquency rate declined in December to 3.29% from 3.30% in November. The serious delinquency rate is down from 3.91% in December 2011, and this is the lowest level since March 2009. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Freddie Mac reported that...
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