Thursday, March 25, 2010

Fed's MBS Purchase Program: One Week To Go

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates  
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For the second to last time, the Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). Obviously everyone... - MND NewsWire
"We have come up with some interesting ideas ... to enable some additional people to participate in this program, who may be unemployed or who need... - MND NewsWire
Ben Bernanke is sitting before the House Financial Services Committee, sharing his "official" thoughts on the Fed's exit strategy. Most of... - MND NewsWire
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MBS Quotes
FNMA 4.0 96-27 -0-03
FNMA 4.5 100-03 -0-02
FNMA 5.0 103-04 -0-06
FNMA 5.5 105-15 -0-02
FNMA 6.0 106-17 -0-02
Updated: 3/25/10 4:32 PM
Treasuries
3 MO 0.1400 0.0000
2 YR 1.1000 0.0200
5 YR 2.6500 0.0300
10 YR 3.9100 0.0700
30 YR 4.7700 0.0500
Updated: 3/25/10 5:45 PM
Mortgage Rates
30 Yr FRM 5.04 0.02
15 Yr FRM 4.34 0.03
FHA 30 Year 5.22 0.03
Jumbo 30 Year 6.54 0.01
5/1 Yr ARM 4.07 0.01
Updated: 3/25/10 6:32 PM
Latest Video      
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News Hub: Bernanke Reaffirms Low Rates
3/25/2010
Federal Reserve Chairman Ben Bernanke says record-low interest rates are still needed to support the U.S. economy. Dow Jones Newswires' Grainne McCarthy...
Breaking News: ECB
3/25/2010
Discussing the ECB's Trichet's latest remarks on the Greek situation and the EU's responsibility, with CNBC's Steve Liesman.
The Trouble With Treasurys
3/25/2010
The bond market has a growing concern with future borrowing, Michael Pietronico, of Miller Tabak, told CNBC.

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Recent Comments
Seth Ari Steinberg
on 3/25/2010 - read this comment
Hi AQ and All, Passed the National Test and taking the State of California Test next week. These tests won't be passed by the "casual mortgage broker" which is obviously the point of creating...
Anthony Young
on 3/25/2010 - read this comment
Does anybody else think that this sudden selloff and weak demand for TSY's anf MBS's has anything to do with China? I mean think about it on Tuesday or Monday I can't remember which, but Google...
Edgar
on 3/24/2010 - read this comment
I could point to a number of things that show our economy is reversing course, and soon the stock market will follow which will help MBS down the road. Look at home sales, look at industrial production...
Paul Assante
on 3/24/2010 - read this comment
Ok the fact is the purchase market even at a 5% 30 Yr fixed is borderline dismal , as barely qualiofied borrowers debt ratios approach 50% DTI, what will happen if rates hit 6% - 6.5% The Real Estate market...

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