The Fed announced this a.m. that they will be buying $600 Billion in Mortgage Backed Securities from Fannie Mae, Freddie Mac, and Ginne Mae. Mortgage bonds are currently on a nice rally that should result in some great rate pricing today! They also announced that they will set up a $200 billion program to support consumer and small business loans.
Putting a slight damper on things, the Consumer Confidence report came out better than expected!
Just keep in mind we are in crazy times and this could change very quickly!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
