Mortage Rates November 21, 2008
When E. F. Hutton speaks, wait I mean when Obama speaks the Street listens.
Once TIm Geithner was anounced by Obama to head up the Treasruy, the market rallied.
Tresauies took a hit but MBS stayed strong, notice the long tail represents heavy selling early in the day. There was actualy a repice for the worse at 11 a.m. MST. A few lender released a price improvement late in the day. Overall we saw .12bp increase in FNMA 30 Year 6/0%
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