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Hoboken Real Estate News
I had all good intentions to post this yesterday before I went out to celebrate Mardi Gras. Crawfish and Abita at the Village Pourhouse & Oddfellow’s spoiled my plans.
Hoboken Real Estate News took a brief hiatus last week to visit another cool city with a flood problem – New Orleans. Our dog, Sempai, was a [...] IS YOUR PROPERTY TAX TOO HIGH?
I’ve received several inquiries recently from people flabbergasted by their property tax bill, wondering whether they can appeal the assessment on which their tax is based. Very often, the answer is “Yes”. If you think your property tax bill is too high, it may well be that the assessment used [...] |
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Mortgage News Daily: Micro News
We say "additional positive reprices" both in the sense that additional reprices have been reported since the last update and that there's ongoing potential for additional positive reprices at current levels. This afternoon's strength coincides with some favorable developments in longer term technical levels, which we discussed in the latest MBS Commentary post. "From a technical standpoint, the past few sessions have been a fairly gloomy scene for MBS and Treasuries--our two representatives from those camps being Fannie 3.5 30yr Fixed MBS and good old 10yr Treasury Notes. The technical gloominess should be fairly evident in the upper sections of each chart below. In short, both MBS and 10's had moved weaker beyond the limits of long-term trend channels and were at risk of breaking beyond horizontal levels as well. For Fannie 3.5's, the first major break of a horizontal level at 103-10 was seen Friday on an intraday basis, but prices made it back by the end of the day. Yesterday's trading suggested the breakout more firmly as prices fell to the next major pivot around 103-00. It was (and still is) up to today's price action to reiterate or refute that move. With the current strength, prices are now in position to close at 103-10 or higher; a potentially good technical development for MBS. " Read the full commentary here:...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. A slightly weaker-than-average bid-to-cover was offset by high yields trading through screens by half a bp versus 1pm levels and 0.8 bps vs when-issued levels at 1:01pm just before results were released ("through screens" = auction's High Yield came in below the "when-issued" trading levels).
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Mortgage News Daily: Video News
(Please visit the site to view this media) Existing home sales did rise 4.3% month to month although they are basically flat from a year ago, with CNBC's Diana Olick....(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. (Please visit the site to view this media)  For all the tough talk about getting rid of Fannie Mae and Freddie Mac, there is still no political will to change the housing-finance system, David Reilly reports on Markets Hub. (Photo: AP/Pablo Martinez Monsivais)...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Mortgage News Daily: Around The Web
The National Association of Realtors took a public shot at the Obama administration on Wednesday, criticizing an effort to alleviate some the housing market?s woes by renting out foreclosed properties....(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Press Release...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. |
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Mortgage News Daily: Daily Newsletter
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Mortgage News Daily: Mortgage Rates Update
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Northstar Funding News
Federal Reserve speaks up on the housing market Consumer Confidence + Tight Credit + Too Much Empty Property = Slow Recovery Last week the Fed sent a housing “white paper” to Congress discussing the importance of housing to the economic recovery. On Friday, Federal Reserve Governer Elizabeth Duke observed that “housing demand and homebuilding continue [...]
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