Tonight’s must-read mortgage and housing links…
Posts Tagged ‘Ben Bernanke’
Rates Down: MBS Rebound After 10Yr Auction, Fed Meeting
Rates started the day up, but have since dropped. Here’s why.
Record Low Rates Here. Now They’re Gone.
Rates got within .125% of all-time record lows briefly Tuesday as mortgage bonds rallied a third straight day. This happened because Greek Prime Minister George Papandreou said he wanted to let his people vote on further austerity measures that are a condition of the EU’s bailout plans for weaker Eurozone countries like Greece. Mortgage bonds [...]
WeeklyBasis 10/29: Jobs, Fed, ECB Center Stage
Rates were even to end last week after +/- .25% daily swings, and are still up .25% from all-time record lows set October 3-4. Another huge week ahead: Fed and ECB rate meetings, October jobs report, lots more earnings, and Europe’s debt crisis slogs on. Below I recap last week, then preview what’s coming. And [...]
WeeklyBasis 10/1: How To Shop For A Mortgage
Rates held under 4% again last week. The link shows how rates closed Friday in the three mortgage price tiers: loans to $417k, to $625k, and to $2m. But rates change in real time. Example: they rose and fell .25% last week as Eurozone optimism did the same and U.S. home prices, jobless claims, and [...]
TABLE: All Forms Of Fed Lending
Since 2008, I’ve tracked the Fed’s quantitative easing closely because it directly impacts rate markets and my client advice daily. Today I got an inquiry from a student trying to fact check QE dates for a term paper. I gave her the dates and link below (to a timeline and rate chart), and she asked [...]
Fed Tries Feng Shui on Yield Curve
The myth that the Fed still had lot of tools to deploy to help an ailing economy suffered a setback this week when it announced Operation Twist. The idea that moving from short term debt to long term debt while not increasing the size of its balance sheet is somehow “stimulative” is comical. I suppose [...]
How Fed’s Latest Plan Lowers Mortgage Rates
Rates again hit record lows today as investors piled into mortgage and Treasury bonds/notes after the Fed confirmed Operation Twist and said they’d buy more mortgage bonds. Below is an explanation of each strategy in simple terms. Operation Twist is a Fed strategy where they shift their debt holdings to longer-term securities. Between now and [...]
Originations: Mortgage Fix Rooted In Tobacco Settlement
-Bernanke’s Invisible Bazooka Ploy (Mish) -Why Aren’t There Urinals In Houses (Weakonomist) -US Banks Seek Relief On Swelling Deposits (Bloomberg) -Mortgage Solution Rooted In Tobacco Settlement (TheStreet) -Does Bank of America’s Stock Price Matter? (CNBC’s John Carney)
Bernanke’s Jackson Hole Speech: August 26, 2011
Below is a link to Bernanke’s full Jackson Hole speech today along with underlined emphasis from CreditWritedowns. Bernanke didn’t expand on monetary policy nor explicit QE3 clues beyond what was already provided in the August 9 FOMC statement. He said that those topics would be explored more deeply at the next FOMC September 20-21. The [...]
