Daily Financial News - Mortgage | Real Estate | Stock Market

Stocks end volatile session lower - CNNMoney.com -- Stocks ended a choppy session lower Monday as investors weighed earnings news, President Obama's health care proposal and Schlumberger's $11 billion buyout deal for oil services rival Smith International.

The Dow Jones industrial average lost 19 points or 0.2%. Last week, the Dow surged 300 points for its biggest one-week gain since November. The S&P 500 index eased 1 point, or 0.1%. The Nasdaq composite slipped 2 points, or 0.1%.

Long-term Treasurys under pressure - CNNMoney.com -- Long-term Treasury prices remained lower Monday, while shorter-term notes gained modestly, after the government sold $8 billion worth of 30-year inflation-adjusted bonds in the first phase of a record weekly debt sale.

What prices are doing: The 10-year note was down 6/32 to 98-18/32 and its yield rose to 3.79% from 3.73% late Friday. Bond prices and yields move in opposite directions.

The 30-year bond fell 14/32 to 98-10/32 and its yield was 4.73%. The 2-year note ticked up 2/32 to 99-31/32, yielding 0.88%.

MBA Delinquency Survey Shows Signs of Stabilization - The Mortgage Bankers Association released the National Delinquency Survey for Q4 2009 today. Total mortgage delinquency rates, seasonally adjusted, were down 17 basis points during the fourth quarter, but up year-over-year by 159 basis points.

9.47 percent of all mortgages on one- to four-family homes are now in some state of delinquency. While that was the headline on the press release accompanying the results of the Mortgage Bankers Association's National Delinquency Survey, the real news was the 16 basis point drop in new delinquencies recorded during the 4th quarter.