Wednesday, October 29, 2008

Fed Cuts 50 bps to 1%... Will it Matter?

Even after 425 bps of cuts this cycle, yields on Fannie Mae Mortgage Backed Securities have moved higher.


2 comments:

  1. If those loans are tied to cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 prime rate, yes. Unfortunately, about half of adjustable-rate mortgages (and most subprime / alt-a loans to those that are most at risk) are tied to LIBOR. Like cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 MBS shown in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 chart, LIBOR has been relatively unaffected by cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 fed funds rate and in fact is more than a full percentage point higher than it was about six months ago. Could be ugly resets for those...

    ReplyDelete