Bgip Union

The 10-year note (US10YT=RR) extended its stellar rally, leaping 17/32 to 102-28/32 while its yield dropped to 4.02percent from 4.09 percent on Tuesday. That is the lowest reading since the early 1960s and a long way from the 5.40 percent highs seen barely five months ago. ........... Analysts noted that the precipitous fall in 10-year yields was potentially a big boost for the economy since many mortgage and borrowing rates were TIED to it. ....... Mortgage rates in particular had been pulled to historic lows, encouraging home owners to refinance and cash in on rising house prices. Czyli kredyty hipoteczne sa przywi?zane do rentownosci 10 letnich obligacji , a ta w znacz?cy sposób jest  zale?na od stóp banku centralnego. Jesli wi?c fed obnizy w przysz?o?ci oprocentowanie to spadaj?ca rentowno?c obligacji spowoduje automatycznie spadek oprocentowania kredytow hipotecznych. (c.b.d.w.) i tym sposobem wzrost b?bla na rynku nieruchomosci ( bezpieczne niebo)) w warunkach recesji. mg

Czyzby pierwsze  objawy zadyszki ???? NEW YORK (Reuters) - Fewer Americans filed for mortgages last week compared with the week before, even as rates reached record lows, a trade group said Wednesday. Interest rates for 30-year mortgages, the most popular home loan in the United States, fell 0.04 percentage point last week to 6.13 percent, the lowest since the Mortgage Bankers Association began its weekly mortgage survey in 1990. Mortgage applications fell slightly last week, but with rates low, activity is still high, and the housing sector continues to provide support for a fragile economy. The MBA's barometer of overall mortgage market activity fell 5.1 percent to 1,012.1 for the week ending Aug. 9, but still stood at its second highest level of the year,behind the previous week's 1,066.9. The MBA's barometer of refinancing activity fell 4.9 percent to 4,845.8, its second highest level of the year, after the previous week's 5,097.3. The MBA's index of mortgage applications to purchase homes fell 5.6 percent to 353.0, in line with its average for the year. Each week, the MBA surveys between 20 to 35 firms, including the top lenders in the U.S. housing industry, to derive its mortgage application indexes. mg

oprocentowania kredytow hipotecznych. (c.b.d.w.) i tym sposobem wzrost b?bla na rynku nieruchomosci w warunkach recesji. mg Rentownosc na 10 letnich T-notes sa zalezne od ceny tych obligacji, ktora jest bezposrednim wynikiem ralacji popytu do podazy. Co wplywa na ta relacje???? Wszystko co ma efekt na sentyment inwestorow. Widze, ze jestes niesamowicie uparty w swoim przekonaniu. Badz jednak ostrozny w ruchach na gieldzie. Taka cecha charakteru stoi przeszkoda na drodze do sukcesu w inwestowaniu. TechStocker

Surowa statystyka z Mortgage Bankers Association of America. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Mortgage Loan Applications Down Slightly from Previous Week's Record Fixed Mortgage Rates Reach New Record Lows WASHINGTON, D.C. (August 14, 2002) The market composite index of mortgage loan applications

Ponizej artykul pozywka dla wyznawcow nadchodzacej katastrofy w stylu japonskim na USA rynku nieruchomosci. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Housing Prices Continue Ascent, Fueling More Fears of a Bubble By PATRICK BARTA Staff Reporter of THE WALL STREET JOURNAL Fears of a housing bubble just got worse. A new report from the National Association of Realtors found that home-price appreciation in the nation's hottest markets, far from cooling off as many economists had expected, actually accelerated. On New York's Long Island, for example, prices rose a breathtaking 29.6% to a median level of $307,200 during the 12-month period ended in June. In San Diego, the median price jumped 21.3% to $361,900. Boston, long considered one of the most overheated markets in the country, saw prices surge 11.7% to $397,700. RISING PRICES Selling prices of homes continued to climb briskly in the second quarter from a year earlier. METRO AREA  PERCENT CHANGE FROM PREVIOUS YEAR Washington, D.C.-Md.-Va.  20.8% Providence, R.I.  20.7 Los Angeles-Long Beach  18.0 Miami-Hialeah, Fla.  17.0 Anaheim-Santa Ana (Orange Co.), Calif.  16.6 Middlesex-Somerset-Hunterdon, N.J.  16.5 New Haven-Meriden, Conn.  16.2 Sacramento, Calif.  15.8 Tucson, Ariz.  14.9 Wilmington, Del.-N.J.-Md.  14.5 Portland, Maine  14.2 Ft. Lauderdale-Hollywood-Pompano Bch, Fla.  13.5 Baltimore  13.4 Reno, Nev.  13.2 Chicago  13.0 Trenton, N.J.  12.2 Milwaukee, Wis.  11.9 Orlando, Fla.  11.8 San Francisco area  11.8 Boston  11.7 Source: National Association of Realtors Double-digit price increases weren't confined to the usual hotspots of the Northeast and California. They were also evident in Chicago; Baltimore; Tucson, Ariz.; Reno, Nev.; Miami and numerous other cities where prices have climbed at rapid rates in recent years. In Washington, D.C., the median home price leaped 20.8% from the past year, to an eye-popping $249,700. There's little doubt such gains can't continue too much longer. What concerns me is that real-estate markets tend to peak two or three years after a stock-market peak, says Ian Morris, an economist at HSBC Securities in New York, who sees renewed reason for worry in the latest batch of home-price data. Mark Zandi, the chief economist at Economy.com, says it's likely some markets will see outright price declines. I wouldn't have said that six months ago, he says. The report from the realtor's association didn't show major price gains for all parts of the country. Price increases slowed in cities like Minneapolis-St. Paul and Dallas, especially in the markets for high-end properties priced above $1 million. Realtors in certain markets say properties have started taking longer to sell and that some owners are dropping their selling prices. In fact, nationwide, median home prices cooled slightly, rising 7.4%, compared with an 8.1% growth rate in the first-quarter report. Yet, the hottest markets kept soaring, adding fuel to the concerns about price bubbles. That doesn't necessarily mean a big crash in housing prices is coming. Home prices traditionally don't tumble as far or as fast as stocks. A large number of economists believe prices in the most expensive areas may simply stagnate