by now you know the fed made major moves this afternoon to lower mortgage rates and keep long term treasuries from increasing in yield re: Is it good news? Absolutely! A necessary and well-past due move. Finally SOMETHING directly to the housing and mortgage industry - 03/18/09 09:22 AM
By now you know; the Fed made major moves this afternoon to lower mortgage rates and keep long term treasuries from increasing in yield. Re-capping; the Fed will increase the amount of MBSs it will purchase by $750B, taking the overall total to $1.25T of MBSs purchases this year (the original amount the Fed agreed to was $500B). The Fed will increase by $100B the amount of Fannie and Freddie debt taking the overall to $200B in notes to be purchased. The third leg; the Fed will buy at $300B of long term treasuries in the next six months. Entire Fed … (0 comments)

 
John F Tuggle, Certified VA Expert Renovation Program Specialist (John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. )

John F Tuggle

Certified VA Expert Renovation Program Specialist

Columbus, GA

More about me…

John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd.

Address: 5820 Veterans Parkway , Suite 309, Columbus, GA, 31904

Office: (706) 315-2365

Mobile: (706) 315-2365

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