Daily Financial New - Mortgage | Real Estate | Stock Market

Stocks skid on global economic jitters - CNNMoney.com -- Stocks recovered from deep losses posted earlier in the session but ended lower Wednesday, as investors welcomed the Fed's forecast of an improving economy amid lingering fears about the global economy.

The Dow Jones industrial average finished 67 points lower, or 0.6%. Earlier, the index dropped 150 points. The S&P 500 lost 6 points, or 0.5%. The Nasdaq composite slipped 19 points, or 0.8%.

Treasurys little changed amid volatile trading - CNNMoney.com -- Treasurys were little changed Wednesday, as investors looked for direction amid mixed signals out of Europe and the United States.

What prices are doing: Prices straddled the breakeven point much of Wedneday before dipping a bit after the afternoon release of the Federal Reserve's upbeat minutes.

The benchmark 10-year note fell 2/32 to 101-7/32, pushing the yield up to 3.36%. The 30-year bond dropped 3/32 to 102-12/32 and yielded 4.24%; the 2-year note inched lower to 100-14/32, with a 0.76% yield. The 5-year note was down 7/32 to 101-26/32, yielding 2.11%. Bond prices and yields move in opposite directions.

Mortgage delinquencies hit 10% - A dubious distinction was reached during the first three months of 2010: More than 10% of all mortgage borrowers are now behind on their payments.

The delinquency rate hit a record of 10.06% in the first quarter, according to the Mortgage Bankers Association. The seasonally adjusted rate accounts for all mortgages on properties that have up to four units and that are at least one payment late.

The rate has been inching steadily toward this record. In the previous quarter, 9.47% of borrowers were behind on payments; and one year ago, 9.12% were late.