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TBOALS
64 Posts |
Posted - 03/17/2008 : 10:11:43 AM
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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? |
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SoCalRay
2698 Posts |
Posted - 03/17/2008 : 10:19:46 AM
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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 |
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808
2616 Posts |
Posted - 03/17/2008 : 10:21:28 AM
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| 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. |
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TBOALS
64 Posts |
Posted - 03/17/2008 : 10:21:51 AM
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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? |
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Carpet Muncher
1385 Posts |
Posted - 03/17/2008 : 10:24:22 AM
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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
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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. |
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TBOALS
64 Posts |
Posted - 03/17/2008 : 10:25:42 AM
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FEDERAL RESERVEquote: 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?
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Carpet Muncher
1385 Posts |
Posted - 03/17/2008 : 10:29:13 AM
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| LOL |
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TBOALS
64 Posts |
Posted - 03/17/2008 : 10:31:37 AM
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?quote: Originally posted by Carpet Muncher
LOL
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