Second Mortgages in the Spotlight; Reverse Repurchase Primer; My Opinion on Mortgage Rates After the Fed; Provident Cuts Interest Only
Posted To: Pipeline Press
Often I start the commentary off saying something witty, but I couldn't think of anything clever so I thought I'd suggest you take a look at this video about, of all things, seat belts. It is making the rounds, and with good reason. The Federal Reserve has a little more than ten business days to complete their well-publicized purchase of agency mortgage-backed securities (MBS). Last week it bought $10 billion, breaking their 3-week streak of $11 billion. Only fixed-rate agency MBS securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae are/were eligible assets for the program. Everyone knows that the end of the program is imminent. I am going to go out on a limb here, which is rare for me, and suggest that the consultants, market gurus, bloggers, paid services, etc., who firmly…(read more)
Related posts:
- Despite Less MBS Purchases, Fed Still Helping Keep Mortgage Rates Low
- Fed MBS Program Update: 98.1% of Funding Used. Looming Exit Yet to Hurt Rates
- Fed Supports Mortgage Market During Settlement Process
- Fed Has $345 Billion Left to Spend on Agency MBS
- Fed MBS Program Update: $34 Billion Left to Spend With Four Weeks to Go
