The Chicago 77

12 August 2009 ? Today the bonds opened up 6bps better, which gave us a little hope our rally would be sustained. However, that quickly turned south and bonds are now down 34bps for the day. Stock traders and investors continue to pour money into the Dow and the traders feel that no change in [...]

28 April 2009 – Mortgage interest rates are actually doing very well today! We recommend a cautiously float stance as it relates to mortgage interest rate locks. If we continue to see deterioration of the market indices we would recommend locking. But for now, let’s just watch the market and if stocks start to fly, [...]

The Federal Reserve has bought $10.2 billion of Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities. According to the New York Fedâ??s Web site they bought $6.9 billion of Freddie Mac securities, $2.9 billion of Fannie Mae bonds and $450 million of Ginnie Mae debt.