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Mortgage Update from www.MortgageNewsDaily.com

Mid-Day Recap: Shrinking Job Losses Spur Market Gains

Buoyed by the first reversal in the unemployment rate in 15 months, markets are up more than 1% on Friday, which will give the benchmark S&P 500 its fourth consecutive weekly gain.Just after 10:30

The Day Ahead: Light Day Puts Focus on Labor Data

The only major data coming out today is the weekly jobless claims report, a survey that hasn’t been too reliable recently due to seasonal adjustment issues owing to earlier lay-offs in the auto sect

Fannie and Freddie Release Weekly Rate Summaries

After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage Market Survey released on Thursday.

Fed's Agency MBS Purchases Fall for Fourth Straight Week

The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS).

Fannie Sees Eighth Straight Quarterly Loss, Requests More Rescue Funds

Fannie Mae posted a net loss of $14.8 billion in the second quarter, following up on a deficit of $23.2 billion from the first three months of the year, it was reported Thursday.

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