Dear Cody: I checked into your Happy Hour show yesterday on FoxBusiness and saw you cut your hair. I’m writing to say: good choice and keep it short. I know you’re a rocker by night and all that, but you were looking eerily like the UPS guy (a side-by-side visual aid provided here), and as
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Bond markets were crazy last two days (mostly bonds selling off, pushing rates higher) so we didn’t have time to update site much, but below is Bernanke’s full House testimony with the latest on the Fed’s exit strategy from mass stimulus. See the very last paragraph, that pretty much sums it up: the Fed will
Bond markets were crazy last two days (mostly bonds selling off, pushing rates higher) so we didn’t have time to update site much, but below is Bernanke’s full House testimony with the latest on the Fed’s exit strategy from mass stimulus. See the very last paragraph, that pretty much sums it up: the Fed will
Geithner’s Testimony on Future of Housing Finance Yesterday the House Financial Services Committee held a hearing to discuss the future of housing finance, trying to start answering questions about what the new system should do. Many people spoke, although Treasury Secretary Tim Geithner was the headline witness with 17 pages of testimony. “It’s important as
Geithner’s Testimony on Future of Housing Finance Yesterday the House Financial Services Committee held a hearing to discuss the future of housing finance, trying to start answering questions about what the new system should do. Many people spoke, although Treasury Secretary Tim Geithner was the headline witness with 17 pages of testimony. “It’s important as
This was week 56 of a mortgage bond purchase program by the Federal Reserve—here’s week 55. From January 21 to January 27, the Fed bought $12b net of mortgage bonds. This is just above the weekly low for the entire program set four weeks ago with $9.3b in net buys, and clarifies a trend of
A common question among mortgage shoppers is: what if rates get better after I lock a rate for my loan? The answer is that locking a rate is much like buying a stock. When you choose to buy a stock at a specified price, you’re executing a Limit Order. This means you set the price