Relevant:
- Current Mortgage Rates Spiking, Panic Sets in, 30-yr fixed FHA Rates Rise too
- Today’s Mortgage Rates Steady Below 5 Following Fed “Textâ€
- Mortgage Rates 11-17-10: Mortgage Rates Stabilizing at Higher Levels, Jumbo Loan Rates Unchanged
- Mortgage Rates 11-18-10: 30 Year Fixed Interest Rates to 4.5%?
- Effect of Fed’s MBS Exit On Mortgage Rates Unknown
2008-09-17 — ml-implode.com
Lehman is peeling off parts of their business. For example, Barclay’s reportedly purchased their investment bank and trading operation. Oil is up $3 per barrel, and the Fed left overnight rates unchanged. How is the market reacting to all of this? Treasury rates are down more (the 10-yr is down to 3.36%!) but 30-yr fixed rate mortgage prices are worse by about .250. As one dealer put it, “A flight to quality right now means U.S. Treasuries, not mortgage-backed securities.â€
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