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News Link • Housing
Why The Fed's Plan To Save The Housing Market Isn't Working That Well 10-18-2012
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http://www.businessinsider.com, Mamta Badkar But there's been some concern that this hasn't passed through to the real economy.
In a note titled "Mortgage Originators Not Playing Nice", TD Securities economist Gennadiy Goldberg writes that average decline in mortgage rates (the interest on a mortgage) since the QE3 decision have lagged the decline in mortgage-backed securities (MBS) rates by an average of 50 percent. Remember, MBS rates refer to the rates at which a pool of mortgages are sold to investors in the bond market.
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