Birchtree
Well-known member
The Fed has got $600 billion to buy Freddie, Fannie and Ginnie May paper along with other Federal Home Loan mortgages - so far they have only spent $5 billion and mortgage rates dropped 50 basis points in a day. They want to take the 30 year mortgage to 4.50%. There will be no crash in bonds for awhile but there won't be any money to be made there either - big money has already been made.
