Demand for mortgages plummeted last week, pushing the index tracking mortgage applications down to a seven month low, even as average rates for a 30-year fixed mortgage moderated, a weekly report said Wednesday.
Loan applications decreased 15.8 replace in the week ending June 12, according to the Mortgage Bankers Association, who have been conducting the [...]

Some good news for the real estate market as Housing Starts improved above expectations in May. Inflation for producers was also more benign than expected.
S&P 500 futures were up 0.5 percent, compared to just +0.2 percent before the releases. The boost may help the stock index recover from its 2.4 percent fall on Monday ― [...]

Markets tumbled on Monday as headlines warned investors that President Obama plans to overhaul the regulation system this Wednesday. In addition, fresh data suggests that manufacturing conditions deteriorated more than expected in New York, while TIC Flows in April were much worse than anticipated.
Twenty-five minutes into the trading session, Treasuries are rallying as the yield [...]

Interest rates continued to increase during the week ended June 11 according to results of Freddie Mac’s weekly Primary Mortgage Market Survey released this morning. Three of the four average rates tracked by the survey were the highest of the current year.
According to the survey the 30-year fixed-rate mortgage (FRM) jumped to an average [...]

mortgage rates once again surged higher, hurting prospects for a quick recovery in the housing market. On Tuesday, the Mortgage Bankers Association’s Loan Application survey said demand for loans in the first week of June dropped 7.2 percent compared to the previous week, as the average rate for a 30-year mortgage shot up 32 basis [...]