atbozzo
More helicopter, Ben?!
Series of cash-out refi quotes from my bank (note: not necessarily representative of the lowest market rates available)... looks like $400 billion in actual or promised Fed intervention hasn't moderated retail mortgage rates yet.
Updated 4/2/08: Some combination of the Term Securities Lending Facility and the BSC/JPMC deal does seem to have knocked 37.5 bp or so out of mortgage rates.
More helicopter, Ben?!
Series of cash-out refi quotes from my bank (note: not necessarily representative of the lowest market rates available)... looks like $400 billion in actual or promised Fed intervention hasn't moderated retail mortgage rates yet.
Updated 4/2/08: Some combination of the Term Securities Lending Facility and the BSC/JPMC deal does seem to have knocked 37.5 bp or so out of mortgage rates.