| Nov 21, 2012 11:43AM While you're dining on turkey and watching football tomorrow (maybe not in that order) remember this touching story . Folks continue to wonder about the Fed's program in buying and holding U.S. government securities AND agency mortgage-backed securities : issuing them from one department and buying them in another. I received this note: "I have to assume that the Fed is continuing to buy newly issued Treasury securities because otherwise the Treasury would now have to pay substantially higher rates... Nov 21, 2012 2:01PM Mortgage rates were all over the board today with some lenders improving noticeably and others pricing significantly weaker versus yesterday's marks. Much of this stratification has to do with late weakness on Tuesday which prompted many lenders to release negatively revised rate sheets near the end of the day. Perhaps equally important is the fact that lender pricing strategies can simply vary on days leading up to holiday closures. The net effect of the inconsistent movement turned out to leave...
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