Loan Biz Blog

Markets Are Slipping - FOMC Rate Decision & Announcement
January 27th, 2010 1:51 PM

Just a heads up as the market is drifting lower (MBS now down 5/32’s) as Fed Governor Hoenig, who believes that economic and financial conditions have changed sufficiently and that expectations of low interest rates for an extended period of time are no longer warranted. Comments were made about Treasury/MBS purchase program that are set to expire March 31st or June 30th are still in vogue. Markets are slipping as we speak, warranting a worsening re-price for .25. Hang in there.

With Permission & Courtesy of Scott S. Eggen
Senior Vice President – Capital Markets

For other rate lock advisory commentary please visit:
http://www.mrloanbiz.com/DailyRateAdvisory

Sam Cowen, NMLS ID#: 176693
Branch Manager, Lending in 47 States
PrimeLending | a PlainsCapital Company
2007 N Collins Blvd Ste 403 Richardson, TX 75080
Email: 888@MrLoanBiz.Com Web: www.MrLoanBiz.Com
Toll Free: (888)MR-LOAN-BIZ (888) 675-6262 Toll Free Fax: 866-908-2611

Posted by Sam Cowen on January 27th, 2010 1:51 PMPost a Comment (0)

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Sam Cowen, NMLS ID#: 176693
Your Mortgage Professional, Lending in 50 States
2011 N Collins Blvd Ste 711 Richardson, TX 75080
Email: scowen@primelending.com Web: www.MrLoanBiz.Com
Toll Free: (888)MR-LOAN-BIZ (888) 675-6262 Toll Free Fax: 866-908-2611

 
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