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mortgage backed securities: Hear the whistle blowin'...how will the Fed's exit affect you? - 03/31/10 03:34 PM
Today...the Federal Reserve exits the train station and ends their 15 month long buying spree of mortgage backed securities (MBS).  This purchase program helped bring some stability to the housing market since its inception in January 2009.
Looking back to late 2008, mortgage rates were in the 6.5% range and housing was on a fast downward spiral.  The government wanted to bring rates lower to stimulate housing, thus making it cheaper to buy or refinance homes.  In order to bring rates down, there has to be an appetite for buying MBS.  At that time very few investors were buying MBS, so the … (1 comments)

 

Elizabeth Rose - Certified Mortgage Planning Spec - Texas

Highland Village, TX

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Network Funding, LP

Address: 2800 Corporate Drive, Suite 101, Flower Mound, TX, 75028

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An inside look at the mortgage market and how it might affect you.


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