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  • Treasury Department Announces GSE Conservatorship

    Unless you spent Sunday spelunking in Howe's Cavern, you probably know that at about 11 a.m. the other shoe finally dropped. After weeks of anticipation and speculation, Treasury Secretary Henry Paulson announced that the federal government had taken over Freddie Mac and Fannie Mae . Most of the day both before and after the seizure was announced television and Internet news sites were filled with comments and reactions from business writers, financial analysts, and presidential and vice presidential...
 

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Mortgage Rates:
  • 30 Yr FRM 3.88%
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  • 15 Yr FRM 3.25%
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  • Jumbo 30 Year Fixed 4.14%
MBS Prices:
  • 30YR FNMA 4.5 106-20 (-0-06)
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  • 30YR FNMA 5.0 108-01 (-0-05)
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  • 30YR FNMA 5.5 108-30 (-0-03)
Recent Housing Data:
  • Mortgage Apps -1.01%
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  • Refinance Index 0.83%
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  • NAHB Builder Confidence 16.00%
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