Posts Tagged ‘Discount Rate’
Fed announces no change but staggers markets
January 29th, 2009 | 
Author: Interest rates continue to move up and down. The purchase of mortgage backed securities (MBS) has given stability to the mortgage market until today when we saw an across the board drop in prices in both stocks and bonds. The 10 year Treasury was especially hard hit, but MBS sales took a significant hit on today’s market too. Intraday repricing was the norm. Afternoon interest rates were nearly 1/2 percent higher than morning rates. Overall, another interesting day on the mortgage market. Read More
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