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Message
Fed to buy $750 billion more of mortgage backed securities
Posted on 3/18/09 at 1:21 pm
Posted on 3/18/09 at 1:21 pm
CNBC has the headline.
They just killed my TBT....
They just killed my TBT....
2
Posted on 3/18/09 at 1:49 pm to GeneralLee
In addition to TALF and the already in progress $500B of agency debt and mbs? Man.
Posted on 3/18/09 at 2:07 pm to kfizzle85
and watch the bottom fall out of mortgage interest rates
Posted on 3/18/09 at 2:37 pm to bignate76
I don't think that's what will happen (relatively speaking). If its in addition, I think its just so they can keep the charade going a little longer. They've already burned through 120B or so, this should let them run the prog through the end of the year at least.
Posted on 3/18/09 at 3:19 pm to kfizzle85
kfizzle you might want to resend that statement about rates not falling. the bottom just fell out on interest rates
Posted on 3/18/09 at 3:20 pm to bignate76
I said "relatively."
Posted on 3/18/09 at 3:25 pm to kfizzle85
What were they at/where are they now anyway? The rate threads have disappeared as of late.
Posted on 3/18/09 at 3:38 pm to kfizzle85
yea i havent had the time to rate thread anymore. but 4.6%
Posted on 3/18/09 at 3:42 pm to bignate76
4.6% on what?Posted on 3/18/09 at 4:14 pm to Colonel Hapablap
purchase or refi colonial. but your not going to want to pay the 1% origination so go to the bank and i bet the best offer they have is 4.875
Posted on 3/18/09 at 4:15 pm to bignate76
I would consider giving a BJ for 4.875.
Posted on 3/18/09 at 4:18 pm to Colonel Hapablap
quote:
I would consider giving a BJ for 4.875.
I didn't have to do this and I closed last week with a 4.875.
Posted on 3/18/09 at 4:19 pm to Ziggy
see i didnt even charge ziggy a bj
This post was edited on 3/18/09 at 4:22 pm
Posted on 3/18/09 at 4:19 pm to bignate76
Posted on 3/18/09 at 4:24 pm to Colonel Hapablap
quote:
I would consider giving a BJ for 4.875.
Ill be able to get you a 4.5% within 2-3 weeks.
Posted on 3/18/09 at 4:31 pm to lsu480
quote:
Ill be able to get you a 4.5% within 2-3 weeks
Is the BJ included in that rate?
Posted on 3/18/09 at 4:46 pm to Ziggy
these rates are here to stay for about 6 months according to the Fed. they keep buying rates will stay low.
Posted on 3/18/09 at 4:56 pm to bignate76
quote:
these rates are here to stay for about 6 months according to the Fed.
won't happen. The market will sell them $300B in 1 month if they'll take it. If not, rates will go back up.
Posted on 3/18/09 at 5:13 pm to Colonel Hapablap
no way..the rate may not stay at 4.5 but it will stay under 5% and thats fine with me
Posted on 3/18/09 at 5:26 pm to bignate76
The Across the Curve theorized that most of the purchases would be in the 2-5 year range, which won't affect mortgages much anyway.
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