muzie_IHB
New member
http://us.ft.com/ftgateway/superpage.ft?news_id=fto090920081455449405&page=2
"Mortgage rates initially fell further, but by mid-afternoon in New York the move had halted. An index of Fannie Mae's 30-year current coupon touched a low of 5.07 per cent before it retreated to 5.21 per cent. That was where the index closed on Monday, down from 5.63 per cent at the end of last week."
We'll see how the rates evolve - but even with the full backing of the government, nobody wants to hold mortgage paper.
I guess that's OK, because what I'm seeing is people don't want to pile on more debt either.
"Mortgage rates initially fell further, but by mid-afternoon in New York the move had halted. An index of Fannie Mae's 30-year current coupon touched a low of 5.07 per cent before it retreated to 5.21 per cent. That was where the index closed on Monday, down from 5.63 per cent at the end of last week."
We'll see how the rates evolve - but even with the full backing of the government, nobody wants to hold mortgage paper.
I guess that's OK, because what I'm seeing is people don't want to pile on more debt either.