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3 June 2009 year (time zone GMT 00:00)  Number of sources in English: 4957
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The Day Ahead: Stocks Lower Before Bernanke Testimony

03.06.2009 14:03    mortgagenewsdaily.com
Stocks are pointing to a lower open on Wednesday as markets prepare for some monthly releases that will indicate further deterioration in the labor market. Half an hour into the session, markets could be pushed higher or lower as Federal


Mid-Morning Recap: Rising Consumer Confidence Boosts Markets

03.06.2009 00:27    mortgagenewsdaily.com
Markets opened lower following the Memorial Day weekend on Tuesday, but roughly 90 minutes into the session all three indexes were climbing following an optimistic report on Consumer Confidence from 10 am. The S&P 500 has gained 1.93% to 904,

Case Shiller Index Suggests 'No Evidence' of Home Price Recovery

03.06.2009 00:27    mortgagenewsdaily.com
A national index of home prices reported on Tuesday that the average price for a home has fallen to a level consistent with the final quarter of 2002. The S&P/Case-Shiller Home Price Index which covers 20 metropolitan areas showed a

Existing Home Sales Rise, FHFA Suggests Price Stabilization

03.06.2009 00:27    mortgagenewsdaily.com
Sales of existing homes rose as expected in April, led by buyers in lower price ranges, according to the National Association of Realtors on Wednesday. Meanwhile, a report from the FHFA indicates prices may be stabilizing. Existing home sales increased...()


Loan Applications Fell Last Week, Says MBA

03.06.2009 00:27    mortgagenewsdaily.com
Loan applications for mortgages decreased last week as average rates for a 30-year fixed rate mortgage ticked upwards, a weekly report said Wednesday. Loan applications decreased 14.2% in the week ending May 22, according to the Mortgage Bankers Association...()

Minor Gain in April Sales of New Homes

03.06.2009 00:27    mortgagenewsdaily.com
No major surprises in the New Home Sales index for April. Sales of single-family houses saw a 0.3% advance to an annual pace of 352,000 in April, according to the Census Bureau on Thursday. The gain is minor, but some

Mid-Morning Recap: Markets Digest Mixed Economic News

03.06.2009 00:27    mortgagenewsdaily.com
Markets opened higher Thursday morning following the pre-session release of Durable Goods and Jobless Claims , but indexes began to fall after the 10am release of New Home Sales, which failed to gain as much as predictions. Roughly 90 minutes

Long Term Rates Rise in Latest Freddie Mac Survey

03.06.2009 00:27    mortgagenewsdaily.com
Mortgage rates increased during the week ended May 28 according to the results of Freddie Mac's Primary Mortgage Market Survey . The average rate for the 30-year fixed-rate mortgage (FRM) jumped from 4.82 percent with 0.7 point during the week

The Day Ahead: Month of May to End on Upbeat Data

03.06.2009 00:27    mortgagenewsdaily.com
The S&P 500 has gained 34% from its nadir in March, and following a 1.5% advance on Thursday futures are poised to extend those gains on Friday. S&P futures are up between 6.7 points in pre-market trading, while Dow futures

Mid-Morning Recap: June Begins with a Rally

03.06.2009 00:27    mortgagenewsdaily.com
It's summer and stocks are flowering. Triggered in the pre-session by a better-than-expected manufacturing report from China, stock indexes have continued to rise rapidly as personal spending beat forecasts for April, and new orders for U.S. manufacturing...()

Mid-Morning Recap: Stocks Rise on Revised Economic Data

03.06.2009 00:27    mortgagenewsdaily.com
Markets have been volatile in the first hour of trading, opening higher after the release of GDP revisions , moving lower with a disappointing business report for the Midwest, and then rebounding after a Consumer Sentiment survey beat expectations. As...()

Pending Home Sales Soar in April

03.06.2009 00:27    mortgagenewsdaily.com
A forward-looking index of housing demand surged well beyond expectations in April, leading markets to shoot up half an hour into the open. The Pending Home Sales Index which looks at contracts that have been signed, but not finalized shot

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