[Raybyrnes]

Response
“don’t fight the gov’t this year. if you want to buy double short etf “TBT” tremendous amt of risk taking in corp and mtge credit bonds this week. prices r up 10-15pts”

[Raybyrnes]

Response
“don’t fight the gov’t this year. if you want to buy double short etf “TBT” tremendous amt of risk taking in corp and mtge credit bonds this week. prices r up 10-15pts”

[Raybyrnes]

Response
“don’t fight the gov’t this year. if you want to buy double short etf “TBT” tremendous amt of risk taking in corp and mtge credit bonds this week. prices r up 10-15pts”

[Raybyrnes]

Response
“don’t fight the gov’t this year. if you want to buy double short etf “TBT” tremendous amt of risk taking in corp and mtge credit bonds this week. prices r up 10-15pts”

[Raybyrnes]

Response
“don’t fight the gov’t this year. if you want to buy double short etf “TBT” tremendous amt of risk taking in corp and mtge credit bonds this week. prices r up 10-15pts”

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News , chart , profile , more
Last: 0.78+0.03+4.29%

2:33pm 01/08/2009

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FRE 0.78, +0.03, +4.3%) said Thursday that the 30-year benchmark mortgage rate continued to plumb new lows following Federal Reserve purchases of mortgage-backed securities. The 30-year fixed-rate mortgage averaged 5.01% with an average 0.6 point for the week ending Jan. 8, the lowest average since Freddie Mac started tracking the average in 1971. Last week, the average was 5.10%, and last year it was 5.87%. “Interest rates for 30-year fixed-rate mortgages fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve’s recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae,” said Frank Nothaft, Freddie Mac chief economist, in a statement. “On Nov. 25, 2008, the Federal Reserve announced that it planned to purchase up to $500 billion of these securities by the end of June of this year. For the sake of comparison, there were roughly $4.7 trillion of such securities backed by home mortgages available as of Sept. 30, 2008.”

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News , chart , profile , more
Last: 0.78+0.03+4.29%

2:33pm 01/08/2009

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FRE 0.78, +0.03, +4.3%) said Thursday that the 30-year benchmark mortgage rate continued to plumb new lows following Federal Reserve purchases of mortgage-backed securities. The 30-year fixed-rate mortgage averaged 5.01% with an average 0.6 point for the week ending Jan. 8, the lowest average since Freddie Mac started tracking the average in 1971. Last week, the average was 5.10%, and last year it was 5.87%. “Interest rates for 30-year fixed-rate mortgages fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve’s recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae,” said Frank Nothaft, Freddie Mac chief economist, in a statement. “On Nov. 25, 2008, the Federal Reserve announced that it planned to purchase up to $500 billion of these securities by the end of June of this year. For the sake of comparison, there were roughly $4.7 trillion of such securities backed by home mortgages available as of Sept. 30, 2008.”

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News , chart , profile , more
Last: 0.78+0.03+4.29%

2:33pm 01/08/2009

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FRE 0.78, +0.03, +4.3%) said Thursday that the 30-year benchmark mortgage rate continued to plumb new lows following Federal Reserve purchases of mortgage-backed securities. The 30-year fixed-rate mortgage averaged 5.01% with an average 0.6 point for the week ending Jan. 8, the lowest average since Freddie Mac started tracking the average in 1971. Last week, the average was 5.10%, and last year it was 5.87%. “Interest rates for 30-year fixed-rate mortgages fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve’s recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae,” said Frank Nothaft, Freddie Mac chief economist, in a statement. “On Nov. 25, 2008, the Federal Reserve announced that it planned to purchase up to $500 billion of these securities by the end of June of this year. For the sake of comparison, there were roughly $4.7 trillion of such securities backed by home mortgages available as of Sept. 30, 2008.”

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News , chart , profile , more
Last: 0.78+0.03+4.29%

2:33pm 01/08/2009

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Financials
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FRE 0.78, +0.03, +4.3%) said Thursday that the 30-year benchmark mortgage rate continued to plumb new lows following Federal Reserve purchases of mortgage-backed securities. The 30-year fixed-rate mortgage averaged 5.01% with an average 0.6 point for the week ending Jan. 8, the lowest average since Freddie Mac started tracking the average in 1971. Last week, the average was 5.10%, and last year it was 5.87%. “Interest rates for 30-year fixed-rate mortgages fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve’s recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae,” said Frank Nothaft, Freddie Mac chief economist, in a statement. “On Nov. 25, 2008, the Federal Reserve announced that it planned to purchase up to $500 billion of these securities by the end of June of this year. For the sake of comparison, there were roughly $4.7 trillion of such securities backed by home mortgages available as of Sept. 30, 2008.”

[Raybyrnes]

SAN FRANCISCO (MarketWatch) — Freddie Mac (FRE:Freddie Mac
News , chart , profile , more
Last: 0.78+0.03+4.29%

2:33pm 01/08/2009

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Financials
Sponsored by:
FRE 0.78, +0.03, +4.3%) said Thursday that the 30-year benchmark mortgage rate continued to plumb new lows following Federal Reserve purchases of mortgage-backed securities. The 30-year fixed-rate mortgage averaged 5.01% with an average 0.6 point for the week ending Jan. 8, the lowest average since Freddie Mac started tracking the average in 1971. Last week, the average was 5.10%, and last year it was 5.87%. “Interest rates for 30-year fixed-rate mortgages fell for the tenth week to a fourth consecutive record low due in part to the Federal Reserve’s recent purchases of mortgage-backed securities issued by Freddie Mac, Fannie Mae and Ginnie Mae,” said Frank Nothaft, Freddie Mac chief economist, in a statement. “On Nov. 25, 2008, the Federal Reserve announced that it planned to purchase up to $500 billion of these securities by the end of June of this year. For the sake of comparison, there were roughly $4.7 trillion of such securities backed by home mortgages available as of Sept. 30, 2008.”

[Raybyrnes]

HLS
My problem is that at every turn you try and make like every person in the mortgage business is a schmuck except yourself and that no consumer can figure out finance without your help. I posted a series of articles demonstrating interest rates going down in addition to having a number of friends who are institutional mortgage backed securities salespeople who truly see the market well in advance because their customers are institutions like CALPERS and PIMCO who actually move markets when they buy or sell securities.
Are rates going to head higher. Sure. In the immediate future. Not likely.

.

[Raybyrnes]

HLS
My problem is that at every turn you try and make like every person in the mortgage business is a schmuck except yourself and that no consumer can figure out finance without your help. I posted a series of articles demonstrating interest rates going down in addition to having a number of friends who are institutional mortgage backed securities salespeople who truly see the market well in advance because their customers are institutions like CALPERS and PIMCO who actually move markets when they buy or sell securities.
Are rates going to head higher. Sure. In the immediate future. Not likely.

.

[Raybyrnes]

HLS
My problem is that at every turn you try and make like every person in the mortgage business is a schmuck except yourself and that no consumer can figure out finance without your help. I posted a series of articles demonstrating interest rates going down in addition to having a number of friends who are institutional mortgage backed securities salespeople who truly see the market well in advance because their customers are institutions like CALPERS and PIMCO who actually move markets when they buy or sell securities.
Are rates going to head higher. Sure. In the immediate future. Not likely.

.

[Raybyrnes]

HLS
My problem is that at every turn you try and make like every person in the mortgage business is a schmuck except yourself and that no consumer can figure out finance without your help. I posted a series of articles demonstrating interest rates going down in addition to having a number of friends who are institutional mortgage backed securities salespeople who truly see the market well in advance because their customers are institutions like CALPERS and PIMCO who actually move markets when they buy or sell securities.
Are rates going to head higher. Sure. In the immediate future. Not likely.

.

[Raybyrnes]

HLS
My problem is that at every turn you try and make like every person in the mortgage business is a schmuck except yourself and that no consumer can figure out finance without your help. I posted a series of articles demonstrating interest rates going down in addition to having a number of friends who are institutional mortgage backed securities salespeople who truly see the market well in advance because their customers are institutions like CALPERS and PIMCO who actually move markets when they buy or sell securities.
Are rates going to head higher. Sure. In the immediate future. Not likely.

.

[Author]

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