Mortgage Blog

Market is awaiting Fed QEII. 30 Yr high-balance with better rates
November 3rd, 2010 9:08 AM

Any prediction is useless at this moment since we can tell in a few hours.

Petsonally I think Fed will announce the Treasury bond purchase around 2 Trillion. Which will help push 30 yr fixed rates to 4.125% area. Will it test new lows? Not sure yet until the market is ready(Bond trading Coupon is not ready yet).

Let's wait for a few hours.

Posted in:General
Posted by Eric Fang on November 3rd, 2010 9:08 AMPost a Comment

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