3/18 Obama to buy trillion more dollars worth of MBS and 2 to 10 year
Treasuries. Expect lower mortgage rates and weaker dollar.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=w
http://finance.yahoo.com/echarts?s=^TNX#symbol=^TNX;range=5d
\_ CHANGE
\_ When you said "Obama," you really meant the fed, right? Of course
you did.
\_ No, I meant Obama. He's da man. The buck stops there. He said
that yesterday, didn't he?
\_ Oh I see, thanks for explaining how ignorant you are.
\_ Sigh. So you're saying that the Fed acted independently
(per its charter) and Obama is just putting a happy smile
on the matter so confidence doesn't implode on public
disagreement between the Fed and White House?
\_ How much lower? It would be great to lock in 4% for 30 years.
\_ Can almost get that now. I got 4.5% for 30 and could've
gotten 4.25% for 15.
\_ Where? I will have a super-conforming, was yours conforming?
\_ Yes, mine was conforming with about a 60% LTV and
a credit score of around 760. With a score of 800 I
could have had another 1/8, I think. My loan was with
Countrywide (who held the original) but I obtained
similar (slightly better) quotes from my credit union. I
just used the same lender b/c I didn't need to bring
in any paperwork and it made life easy. |