Mortgage Rates February 11, 2009 – Hard Eight

After two solid days of gains MBS took a breather, with the FNMA 30 YR 4.5% ending where it started.  Mortgage Rates both FHA and Conforming did show improvement when released this morning, after lenders accepted the fact the past two days improvements were solidified.

The House Financial Services Committee hearings capitalized today’s news.  The hearing brought forth Eight CEOs of the still standing major banks.  The CEOs fielded multiple questions from the committee, at times a number of the questions sounded ill prepared and of foreign dialect. The bankers did their best to answer and appease the Committee.

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