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Fed MBS Purchases Still Slowing. No Effect on Values Yet
The Federal Reserve today reported on their weekly purchases of agency mortgage-backed securities (MBS). In the five trading days between October 22 and October 28, the Federal Reserve purchased a total of $21.906 billion agency MBS. In those five days the Federal Reserve sold $3.906 million agency MBS (dollar rolls) with the majority of roll transactions in FN 5.0s and FN 4.5s. After sales, the Fed's weekly net purchases totaled $18.00 billion.rn
Freddie and Fannie: Marginal Adjustments Made to Rates Last Week
Mortgage rates for the last week have remained relatively unchanged according to information released by Freddie Mac from its weekly Primary Mortgage Market Survey and Fannie Mae's report on average yields.
FTHB Tax Credit Update: Supportive Words from Geithner and Donovan
While we generally try to avoid getting caught up in political poo throwing, we know many are anxiously awaiting news from Capitol Hill regarding the extension of the first time home buyer tax credit. Although there has yet to be definitive progress. Here are a few words of support from the Obama Administration to help you deal with the suspense.
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