Its going to be a good week for mortgage rates

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The Feds are about to buy a ton of MBS

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link?

that doesnt look to me like they're buying anything. He mentions the Fed buying the long end of the curve, but I don't think that's going to happen.

Man they bought a combined 50 or so billion last week, and near 100b since the beginning of 09. The big story for mortgage rates (imo) this week is whether the ridiculous flood of T supply jacks up the RF rate (like 100% likely), or, more pointedly, to what extent. Then, do we see Fed intervention (on the long end, as the Col noted) to keep them at their already stupid low levels.

Haha, I hear you bud. Your input from that side of the industry is greatly appreciated. Personally, I know next to nothing about how that part works.

one of these days me and economics are going to get together

in that case, i'll be emailing you tomorrow to find out what went down, nate!

is there any way to see this information, or are you just an insider?

Yahoo finance's rates haven't changed today. Though, i'm sure they're just an estimate.

If I am closing this month, will my lender automatically give me a lower rate if they go down.

I'm stuck with this lender in order to get my closing costs paid.

It's an FHA loan.

Thanks

under 5 percent!

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I locked with 4.8% rate.

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today????