Business television is abuzz  with talk of “4.5%”; the clip above ran on NBC Today.  The news stems from a leaked story that the U.S. Treasury will intervene in the mortgage market, lowering rates a full percentage point below their current levels. As cited by every journalist in every...

The FNMA 30-YR 5.5% lost traction today, giving up -.47bp to close at $101.56.  This translated into a increase of 1/8th in rates.  The stock market bounced back slightly to end in the green.  There is much talk and speculation the Fed will enter the Bond market and buy Fannie and Freddie bonds in...