"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffet We have all heard that quote before, and think we understand it. But acting on it is an entirely different thing. I have over the past several ...
Monthly Archives: January 2010
89% of MBS Funding Used
Since January, 2009 the Fed has been buying Mortgage Backed Securities - those bonds that determine mortgage rates. And we have seen a year with the lowest mortgage rates in literally decades as a result. The goal of the Federal Reserve's agency MBS program is to provide support to mortgage and housing markets and to foster improved conditions ...