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The Next Great Banking Scandal: Interest On Reserves
Posted to: Around The Web
Friday, January 18, 2013 6:44 AM

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When the Fed raises interest rates, it's also likely to raise rates it pays to banks on reserves. How long will the public put up with banks getting free money from the central bank?

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Mortgage Rates:
  • 30 Yr FRM 4.02%
  • |
  • 15 Yr FRM 3.24%
  • |
  • Jumbo 30 Year Fixed 4.20%
MBS Prices:
  • 30YR FNMA 4.5 106-25 (-0-02)
  • |
  • 30YR FNMA 5.0 108-02 (-0-09)
  • |
  • 30YR FNMA 5.5 108-27 (-0-04)
Recent Housing Data:
  • Mortgage Apps -3.25%
  • |
  • Refinance Index -3.43%
  • |
  • Purchase Index -3.04%
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