| Fed MBS Purchases Still Slowing. No Effect on Values Yet
October 29, 2009 at 3:00 pm
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| The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 22 and October 28, the Federal Reserve purchased a total of $21.906 billion agency MBS. In those five days the Federal Reserve sold $3.906 million agency MBS (dollar rolls) with the majority of roll transactions in FN 5.0s and FN 4.5s. After sales, the Fed's weekly net purchases totaled $18.00 billion. ...(read more) |
| Freddie and Fannie: Marginal Adjustments Made to Rates Last Week
October 29, 2009 at 2:59 pm
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| Mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary Mortgage Market Survey and Fannie Mae's report on average yields....(read more) |
| FTHB Tax Credit Update: Supportive Words from Geithner and Donovan
October 29, 2009 at 1:15 pm
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| While we generally try to avoid getting caught up in political poo throwing, we know many are anxiously awaiting news from Capitol Hill regarding the extension of the first time home buyer tax credit. Although there has yet to be definitive progress. Here are a few words of support from the Obama Administration to help you deal with the suspense....(read more) |
| The Day Ahead: Q3 GDP, Jobless Claims, Tax Credit Extension, Treasury Auction
October 29, 2009 at 7:52 am
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| quities were slashed yesterday after the new home sales report posted an unexpected 3.6% decline for September. The S&P 500 fell 1.95%, the Nasdaq shed 2.67%, and the Dow moved further south from the 10k mark as it fell 1.21% to 9,762.69. This morning, ahead of the first look at Q3 GDP, markets are cautious but generally looking up. That's not bad considering economists at Morgan Stanley, BofA-Merrill Lynch, and Goldman Sachs all reduced their estimates for the preliminary survey earlier in the week....(read more) | | | 
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