Daily Financial News - Mortgage | Real Estate | Stock Market

Stocks seesaw in volatile trade - CNNMoney.com -- Stocks seesawed Tuesday, losing steam late in a volatile session, as investors welcomed Europe's $1 trillion aid package, but showed caution amid the recent market turmoil.

The Dow Jones industrial average lost 35 points, or 0.3%, after having been down nearly 100 points and then up 89 points earlier in the session. The S&P 500 index lost 4 points, or 0.3% and the Nasdaq composite was little changed.

Treasurys give up gains ahead of auctions - CNNMoney.com -- Treasurys gave up gains on Tuesday amid choppy trading and as investors focused on the week's upcoming auctions.

What prices are doing: The benchmark 10-year note was unchanged at 100-26/32 and yielded 3.53% from 3.55% on Monday. The 30-year bond was down 1/32 to 103-10/32 with a 4.42% yield. The 2-year note was flat at 100-10/32 with a 0.84% yield. The 5-year note dropped to 101-8/32, yielding 2.24%. Bond prices and yields move in opposite directions.

Median home prices up 100% in Saginaw - CNNMoney.com -- The median price of single family homes rose in 91 of 152 major metro markets during the first three months of the year compared with the same period in 2009.

Despite those gains, the nationwide median home price fell 0.7% to $166,100, according to the National Association of Realtors (NAR).

The price decline wasn't worse because a handful of places reported unusual robustness. Saginaw, Mich., for example, saw prices rise more than 100%. In the first three months of 2010, the median price jumped to $60,800 from just $30,300 last year.

All told, 29 places recorded double-digit gains, lead by: Akron, Ohio + 90.2%; Cleveland + 53.8%; and San Francisco + 28.9%.

The gains were ushered in by the tax credits for homebuyers, according to NAR's chief economist, Lawrence Yun. "The tax credit has been very effective in drawing down excess inventory, with about one million additional sales resulting directly from the stimulus," he explained.