TITLE

Mortgages Off to a Rough Start in December

AUTHOR(S)
Runyan, Sally A.
PUB. DATE
December 2008
SOURCE
Asset Securitization Report;12/8/2008, Vol. 8 Issue 47, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a very poor start of mortgages rates in the U.S. in December 2008, as economic data and outlooks were released. It states that the trade was further strengthened following comments made by both Federal Reserve Chairman Ben Bernanke and by U.S. Treasury Secretary Henry Paulson. Accordingly, the sharp drop in mortgage rates follows the Fed's announcement that it would purchase agency debt and mortgage-backed securities (MBS) that led to a surge in applications.
ACCESSION #
35812850

 

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