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Federal Reserve Should Do Less, Not More: Morici
Posted to: Around The Web
Monday, February 04, 2013 6:52 AM

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It might be better to take a second recession now than face the kind of calamity in real estate and financial markets that is brewing, and for the Fed to resist calls to do more.

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Mortgage Rates:
  • 30 Yr FRM 3.68%
  • |
  • 15 Yr FRM 2.84%
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  • Jumbo 30 Year Fixed 3.77%
MBS Prices:
  • 30YR FNMA 4.5 107-03 (-0-06)
  • |
  • 30YR FNMA 5.0 107-29 (-0-04)
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  • 30YR FNMA 5.5 108-15 (-0-03)
Recent Housing Data:
  • NAHB Builder Confidence 4.76%
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  • Mortgage Apps 1.81%
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  • Refinance Index 2.80%
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