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TBOALS

64 Posts

Posted - 03/17/2008 :  10:11:43 AM
With all this news in the media, what would one predict about the interest rates? Feds may continue to reduce rates tomorrow by half a percent but WHEN will we see it in our rates that we can offer our clients?

Brief guess from you, are rates going up or are rates going down?
SoCalRay

2698 Posts

Posted - 03/17/2008 :  10:19:46 AM
You would see a full point drop if the Fed would say they would buy Mortgage Backed Securities.

As this point, I would rates are going higher until Investors start buying the MBS
808

2616 Posts

Posted - 03/17/2008 :  10:21:28 AM
After the .75bps rate cut tomorrow I say they go up a little bit then they'll drop. Nothing other than a hunch. The problem is 10, 12 & 15 day locks are becoming extinct unless you float until you get a CTC. Even 30 day locks are a roll of the dice if you have recission.
TBOALS

64 Posts

Posted - 03/17/2008 :  10:21:51 AM
quote:
Originally posted by SoCalRay

You would see a full point drop if the Fed would say they were Mortgage Backed Securities.

As this point, I would rates are going higher until Investors start buying the MBS



are we waiting to hear if they are going to buy Mortgage Back Securities, and if so, when will we learn if they are or are not going to?
Carpet Muncher

1385 Posts

Posted - 03/17/2008 :  10:24:22 AM
quote:
Originally posted by TBOALS

quote:
Originally posted by SoCalRay

You would see a full point drop if the Fed would say they were Mortgage Backed Securities.

As this point, I would rates are going higher until Investors start buying the MBS



are we waiting to hear if they are going to buy Mortgage Back Securities, and if so, when will we learn if they are or are not going to?



Who is they?
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lunarhamster

4052 Posts

Posted - 03/17/2008 :  10:25:36 AM
I am getting post's that rates dropped by .250 today.

But who knows, maybe we already saw the low rates a few weeks back from the talk of feds cutting rates again.
TBOALS

64 Posts

Posted - 03/17/2008 :  10:25:42 AM
FEDERAL RESERVE
quote:
Originally posted by Carpet Muncher

quote:
Originally posted by TBOALS

quote:
Originally posted by SoCalRay

You would see a full point drop if the Fed would say they were Mortgage Backed Securities.

As this point, I would rates are going higher until Investors start buying the MBS



are we waiting to hear if they are going to buy Mortgage Back Securities, and if so, when will we learn if they are or are not going to?



Who is they?

Carpet Muncher

1385 Posts

Posted - 03/17/2008 :  10:29:13 AM
LOL
TBOALS

64 Posts

Posted - 03/17/2008 :  10:31:37 AM
?
quote:
Originally posted by Carpet Muncher

LOL

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