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Majority of GM Bondholders Accept Exchange Offer
Posted to: Around The Web
Sunday, May 31, 2009 7:14 PM

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A majority of GM bondholders agreed today to a sweetened deal to swap $27.2 billion of the automaker's debt for equity in the new GM, paving the way for quick and orderly bankruptcy proceedings.

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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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