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.
Posts Tagged ‘Ben Bernanke’
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.
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.
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.
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.
Bernanke’s Options
Brace yourselves for a wild rate day tomorrow: hurricane Irene, 2QGDP round 2, Bernanke’s justification for the last FOMC statement. Rates subsequently dropped as though QE3 was here, but it’s not.
Fed’s Hoenig: Crises Won’t End Without Long-Term Plan (VIDEO)
Below is a must-watch Bloomberg interview with Kansas City Fed president Thomas Hoenig on U.S. monetary policy outlook and the economy. He’s retiring next month and has been a lone dissenter on most post-crisis Fed policies. Below video is a summary from Mike “Mish” Shedlock, and a link to his full analysis. Good interview with [...]
Originations: Pre-Parsing Bernanke
-It’s Not What Bernanke Will Say This Week, It’s Why (ReformedBroker) -Can Google+ Replace Your Company’s Intranet (VentureBeat) -Blogging Is A Long-Term Proposition (AbnormalReturns) -Do Loan Modifications Increase Unemployment? (WSJ) -The Recession of 2011? (John Mauldin) -QE3 On Way? (PragCap)
