Fed moves to stimulate economy, $200,000,000,000!
The Federal Reserve announced today that they will expand their securities lending. The move they have decided to make basically upgrades mortgage backed securtities. Through the Term Securities Lending Facility the FED loan up to $200 billion worth of Treasury Bonds Read more
Economic News for February 1, 2008
The economic numbers have come in mixed today. So far the mortgage backed securities market is responding well; FNMA 30yr 5.5% is +12bp. This should result in slightly lower rates this morning. Read more