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Chairman Hensarling: "Grave Fears" that FHA is an Impediment a Sustainable Housing Finance System
Posted to: Around The Web
Wednesday, February 13, 2013 7:39 AM

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WASHINGTON - House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today's full committee hearing titled "Bailout, Bust, or Much Ado About Nothing?: A Look at the Federal Housing Administration's 2012 Actuarial Report."  "The American people deserve and demand a healthy economy.  They deserve it today.  What they do not deserve is the anxiety of stagnant jobs and paychecks that shrink in the face of higher gas prices, health insurance premiums, and the list goes on. And they particularly do not deserve the anxiety of wondering whether their children and grandchildren will drown in a sea of debt.  "To my left and to my right, I have up the national debt clock.  For


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Mortgage Rates:
  • 30 Yr FRM 3.68%
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  • 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)
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  • 30YR FNMA 5.0 107-29 (-0-04)
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  • 30YR FNMA 5.5 108-15 (-0-03)
Recent Housing Data:
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  • Mortgage Apps 1.81%
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  • Refinance Index 2.80%