Tags: mbs

Why is the 30 Year Mortgage Rate So High?

December 31st, 2012
in econ_news, syndication

Econintersect: The average thirty-year fixed-rate mortgage is now near its historic low of about 3.3%.  However, the mortgage-backed-securities (MBS) market, where bundles of mortgage loans are sold to investors, have been even more dramatic. In fact,… more »

What We Read Today 22 December 2012

December 22nd, 2012
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list. The top of our reading list is ...... and the last article is........   Death at Yosemite: The Story Behind Last Summer's Hantavirus Outbreak (Bruce Barcott, Outs… more »

What We Read Today 20 December 2012

December 20th, 2012
in econ_news, syndication

Econintersect: Click Read more >> below graphic to see today's list. The top of our reading list is ...... and the last article is........   10 Amazing Investment Quotes You've Probably Never Heard (Morgan Housel, Motley Fool)   more »

Fed: Banks are Milking Low Interest Rate Policies; Banks: No Way

December 4th, 2012
in econ_news, syndication

Econintersect:  After the announcement of QE3 involving the purchase of mortgage backed securities (MBS), the margin on mortgage loans, which represent the profit margin for banks, surged to 1.2% to 1.5% (120 basis points to 150 basis points).  This is f… more »

Treasury is Using Most of QE3 Dollars This Week

November 20th, 2012
in econ_news

The Fed is settling nearly $23 billion of its QE3 MBS purchases today and tomorrow. This is the second round of QE3 cash hitting the market. The first was last Wednesday, with a total of nearly $37 billion. These settlements would normally provide a l… more »

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