mortgage rates: Mortgage Rates Gain Ground --
- 04/22/08 06:22 AM
Tuesday's bond market has opened in positive territory following early stock weakness. The stock markets are reacting negatively to some earnings news with the Dow down 115 points and the Nasdaq down 28 points. The bond market is currently up 7/32, which will likely improve this morning's mortgage rates by approximately .250 of a discount point. The National Association of Realtors released March's home resale figures late this morning. As expected, resales of homes in the U.S. fell last month approximately 2%. However, this was close to forecasts. Also troubling was the median sales price that fell 7.7% during the month. … (1 comments)
mortgage rates: Rates to HOLD
- 02/26/08 07:55 AM
Monday's bond market has opened in negative territory following early stock gains and stronger than expected housing news. The Dow is currently up 94 points while the Nasdaq has gained 15 points. The bond market is currently down 18/32, which will likely push this morning's mortgage rates higher by approximately .250 of a discount point.The only economic data released this morning was January's Existing Home Sales report. The National Association of Realtors releases this data that tracks home resales in the U.S. It showed a slight drop in sales, but not nearly as much of a drop that analysts had expected. … (1 comments)
mortgage rates: Pulte Homes $1.1B liquidity
- 01/31/08 06:57 AM
Pulte Homes rallies to 3-mo. high on improved liquidity; BofA lifts price target January 31, 2008: 11:52 AM ESTNEW YORK, Jan. 31, 2008 (Thomson Financial delivered by Newstex) -- Shares of Pulte Homes (NYSE:PHM) surged to a 3-month high Thursday, as Wall Street cheered the third-largest homebuilder's improved liquidity position.The stock ran up 13% to $15.28, and hit a high of $15.35 in intraday trading, the highest price seen since Oct. 31. The stock turned sharply higher after opening the session down as much as 5.5%.Pulte reported late Wednesday a fourth-quarter net loss of $874.7 million, or $3.46 a share, including … (0 comments)
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