Tag: TALF
PIMCO’s Scott Simon on mortgage rates and housing
Normally I’m not a huge PIMCO follower. In case you don’t know PIMCO is the world’s largest bond investment money manager and home to many top name economists and analysts. The comments made by PIMCO officials often get headlines almost like an official of the Fed. And although I don’t “goon” for PIMCO like many [...]
Posted: April 13th, 2010 under Economics & Interest Rates.
Tags: housing recovery?, mortgage rates, TALF, what PIMCO thinks about rates
Comments: none
Good & Bad news for mortgage rates in Fed’s announcement
The Fed announced today that they would keep open market operations in the mortgage-backed bond (MBS) market active into early 2010. This is great news for mortgage rates. There had been growing speculation that the Fed would discontinue the TALF program which has been credited with keeping mortgage rates near historic lows as the eocnomy [...]
Posted: September 23rd, 2009 under Economics & Interest Rates.
Tags: FED announcement and mortgage rates, mortgage rate outlook, TALF
Comments: 1
Rate Update November 25th, 2008
Mortgage rates are SHARPLY LOWER THIS MORNING. The Federal Government announced today that they would step in and buy up to $600 billion in Fannie Mae/ Freddie Mac mortgage-backed bonds. The additional demand that the TALF program (Term Asset Backed Securities Loan Facility) will create for mortgage-backed bonds has caused rates to move sharply lower [...]
Posted: November 25th, 2008 under Rate Update.
Tags: TALF
Comments: 2