Home Sales And The Tax Credit

Mortgage Bond Market Update Yesterday we saw yet another improvement, with lower coupon (current production) prices doing the best. At the close of business yesterday, the spread between a Fannie 4.5% security and a Fannie 5.0% security was 2.5 points. (So .5 in rate equates to 2.5 points, or about .625 points for every .125%

$100m Paris Museum Art Heist Pulled Off Clean

Another massive $100m+ art heist was just pulled off clean in Paris. The prize: a Picasso, a Matisse and three other masterpieces. Can people who do this move art in the circles they run in? Probably. Or maybe they just do it for the thrill. Either way, everyone loves a good caper, so we’re just