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January 1, 2009 at 7:58 PM #322864January 1, 2009 at 8:20 PM #322891
Fearful
ParticipantSheldon,
what do you think about the Fed buying agency mortgage backed securities in January? What is the buzz on that? Will the Fed target rates in the low 4% range, leading to a burst of purchase and refinance activity?
Does this suddenly make life good for mortgage brokers?
Eric
January 1, 2009 at 8:20 PM #322874ParticipantSheldon,
what do you think about the Fed buying agency mortgage backed securities in January? What is the buzz on that? Will the Fed target rates in the low 4% range, leading to a burst of purchase and refinance activity?
Does this suddenly make life good for mortgage brokers?
Eric
January 1, 2009 at 8:20 PM #322970ParticipantSheldon,
what do you think about the Fed buying agency mortgage backed securities in January? What is the buzz on that? Will the Fed target rates in the low 4% range, leading to a burst of purchase and refinance activity?
Does this suddenly make life good for mortgage brokers?
Eric
January 1, 2009 at 8:20 PM #322469ParticipantSheldon,
what do you think about the Fed buying agency mortgage backed securities in January? What is the buzz on that? Will the Fed target rates in the low 4% range, leading to a burst of purchase and refinance activity?
Does this suddenly make life good for mortgage brokers?
Eric
January 1, 2009 at 8:20 PM #322814ParticipantSheldon,
what do you think about the Fed buying agency mortgage backed securities in January? What is the buzz on that? Will the Fed target rates in the low 4% range, leading to a burst of purchase and refinance activity?
Does this suddenly make life good for mortgage brokers?
Eric
January 1, 2009 at 8:55 PM #322824HLS
ParticipantEric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.For those that qualify, rates are currently still low, below 5%, but they have been lower.
It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.
The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.
The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.
The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.
Arab world isn’t happy about $30 barrels of oil either.
$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??
I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.
This country is a huge heap of trouble that no administration will easily fix.
Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.
It’s helping people who are solid, and doing very little for those that REALLY need the help.
The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.
A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLSJanuary 1, 2009 at 8:55 PM #322980ParticipantEric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.For those that qualify, rates are currently still low, below 5%, but they have been lower.
It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.
The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.
The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.
The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.
Arab world isn’t happy about $30 barrels of oil either.
$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??
I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.
This country is a huge heap of trouble that no administration will easily fix.
Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.
It’s helping people who are solid, and doing very little for those that REALLY need the help.
The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.
A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLSJanuary 1, 2009 at 8:55 PM #322479ParticipantEric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.For those that qualify, rates are currently still low, below 5%, but they have been lower.
It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.
The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.
The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.
The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.
Arab world isn’t happy about $30 barrels of oil either.
$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??
I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.
This country is a huge heap of trouble that no administration will easily fix.
Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.
It’s helping people who are solid, and doing very little for those that REALLY need the help.
The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.
A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLSJanuary 1, 2009 at 8:55 PM #322884ParticipantEric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.For those that qualify, rates are currently still low, below 5%, but they have been lower.
It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.
The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.
The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.
The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.
Arab world isn’t happy about $30 barrels of oil either.
$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??
I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.
This country is a huge heap of trouble that no administration will easily fix.
Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.
It’s helping people who are solid, and doing very little for those that REALLY need the help.
The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.
A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLSJanuary 1, 2009 at 8:55 PM #322901ParticipantEric..
This was a confirmation of what was announced on Nov 25th. The bump was then, no reason for another bump re Buying $500 billion of MBS.For those that qualify, rates are currently still low, below 5%, but they have been lower.
It has caused a refi boom, but many people that never thought about 5.00% 30 YR rates now want lower rates. Greeeeeeed. Maybe they will go lower, maybe they won’t.
The govt is trying to hold up the economy with toothpicks and white glue. The economy is in a free fall. The end result could be worse than the 1930’s depression, regardless of what the experts say. Happy talk wont fix the mess.
The banking system as we know it is in danger of collapsing. Pension funds & retirement funds have huge losses that they haven’t admitted to. State and local govts are facing HUGE budget deficits. They aren’t going to recover any time soon.
The MBS money wont last forever, and if China decides to stop buying treasuries which may not be far off, who in the world will provide money to America, a country that is financially and morally broke/bankrupt.
Arab world isn’t happy about $30 barrels of oil either.
$500 billion may not last long. Mortgage rates could explode at any time. Someone has to be willing to commit to 30 YR bonds for MBS, but at 4%-5% ??
I have no idea where rates are going, but at some point I think that they will spend more time above 7% again than below 6%.
This country is a huge heap of trouble that no administration will easily fix.
Even at the low rates, many people don’t qualify for loans. Any number of reasons, no equity, no job, not enough income, bad credit score etc.
It’s helping people who are solid, and doing very little for those that REALLY need the help.
The govt allowed this to happen, they want to pretend like it was unpredictable. What a joke.
A revolution in the next few years wont surprise me. Be prepared and hope that it doesn’t happen.
HLSJanuary 1, 2009 at 9:52 PM #322834Anonymous
GuestI am not associated with them in anyway. Was just asking honest question. Good grief.
January 1, 2009 at 9:52 PM #322990GuestI am not associated with them in anyway. Was just asking honest question. Good grief.
January 1, 2009 at 9:52 PM #322911GuestI am not associated with them in anyway. Was just asking honest question. Good grief.
January 1, 2009 at 9:52 PM #322894GuestI am not associated with them in anyway. Was just asking honest question. Good grief.
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