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Breakingviews.com: An Alternative to Armageddon
Posted to: Around The Web
Monday, September 29, 2008 11:32 PM

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The past week’s rescues of Washington Mutual and Wachovia suggests that some combination of free-market capitalism and government assistance can provide solutions to the crisis.

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Mortgage Rates:
  • 30 Yr FRM 3.82%
  • |
  • 15 Yr FRM 3.09%
  • |
  • Jumbo 30 Year Fixed 4.12%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (0-02)
  • |
  • 30YR FNMA 5.0 108-10 (0-02)
  • |
  • 30YR FNMA 5.5 109-01 (0-02)
Recent Housing Data:
  • Mortgage Apps 9.18%
  • |
  • Refinance Index 12.97%
  • |
  • Purchase Index -2.38%
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