Mortgage Blog

The WSJ published a story today implying the Federal Reserve was considering the idea of reinvesting MBS prepays back into new production TBA MBS. Read "reinvesting" as the Fed resuming their large scale asset purchase program. Quotes from the story lead us to believe the "leak" originates from someone inside the St.Louis Fed....

So yes, 4% of 30 yr fixed rates seems like possible to me.