Tuesday, March 16, 2010

How Did the FOMC Meeting Affect Mortgage Rates?

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HomeToday's HeadlinesATWForumsQ&AMortgage Rates 
Top Stories      
The Federal Open Market Committee (FOMC) met for a one day meeting today. Usually they meet for two. At 2:15, the FOMC released their statement on monetary... - Mortgage Rate Watch
On the eve of the second anniversary of the Bear Stearns collapse, Senator Christopher Dodd released a bill designed to reform much of the financial structure... - MND NewsWire
Housing Starts and Building Permits fell in February. Housing Starts moved 5.9% lower to 575,000 annualized units, almost erasing the 6.6% gain seen in... - MBS Commentary
jeffer90576
MBS Quotes
FNMA 4.0 98-05 0-08
FNMA 4.5 101-00 0-04
FNMA 5.0 103-25 0-02
FNMA 5.5 105-19 0-00
FNMA 6.0 106-18 0-00
Updated: 3/16/10 4:30 PM
Treasuries
3 MO 0.1552 0.0102
2 YR 0.9073 -0.0323
5 YR 2.3480 -0.0471
10 YR 3.6493 -0.0456
30 YR 4.5871 -0.0396
Updated: 3/16/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.94 -0.02
15 Yr FRM 4.29 -0.02
FHA 30 Year 5.12 -0.03
Jumbo 30 Year 6.47 -0.01
5/1 Yr ARM 4.14 -0.02
Updated: 3/16/10 5:09 PM
Latest Video      
View:All Videos
Reacting to FOMC Decision
3/16/2010
Insight on what the FOMC decision signals for the economy and markets, with Bill Gross, PIMCO, Ken Volpert, Vanguard Principal; David Kelly, JPMorgan Funds;...
The Short Sale Option
3/16/2010
The Treasury is now pushing a new program to get short sales moving, with CNBC's Diana Olick.
Home Ownership Politics
3/16/2010
Discussing how to help homeowners, with Howard Glaser, The Glaser Group and Josh Barro, Manhattan Institute.

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Recent Comments
Marty Sonke
on 3/16/2010 - read this comment
@Edgar. Right on the money. The stock market is being driven by stimulus, accounting changes (think the removal of mark-to-market) and the perception that the major tide has shifted from financial armageddon...
Edgar
on 3/16/2010 - read this comment
Did she ever go positive on any of the big banks when BAC was at $4 and Wells Fargo was down in the low teens and JPM was in the low 20's??????? Answer:Yes. Most perma bulls missed the downturn and...
Andy Pada
on 3/16/2010 - read this comment
AQ, I'm scared. I'm thinking I need to buy a bulk commitment in the next couple of days that will last me at least 45 - 60 days out.
Adam Quinones
on 3/16/2010 - read this comment
re: tight spreads. they've been super tight for the past few weeks. production is slow (less MBS supply) and there has been a larger "down in coupon" bid thanks to nervousness about the effect...

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