And im Tyler Mathisen here in washington outside the Federal Reserves headquarters, where today the fed decided to keep Interest Rates right where they are, near zero percent. The decision was anyones guess, right up to its release at 2 00 p. M. Eastern time. But this the end the central bank chair janet yellen said this was not the right time to raise rates which were last hiked in 2006. Even as key parts of the economy not only recover but also strengthen. So the guessing game continues with attention now turning to the feds meeting in october or december, or even into next year. We have more on the decision and what elt matly held the Federal Reserve back. Reporter one of the most highly anticipated Federal Reserve meetings in years ended with Monetary Policy makers deciding to keep Interest Rates at record lows due to concerns about a weak Global Economy, low inflation, and Financial Market jitters. In light of the developments that we have seen and the impacts on Financial Markets
In washington outside the Federal Reserves headquarters, where today the fed decided to keep Interest Rates right where they are, near zero percent. The decision was anyones guess, right up to its release at 2 00 p. M. Eastern time. But this the end the central bank chair janet yellen said this was not the right time to raise rates which were last hiked in 2006. Even as key parts of the economy not only recover but also strengthen. So the guessing game continues with attention now turning to the feds meeting in october or december, or even into next year. We have more on the decision and what elt matly held the Federal Reserve back. Reporter one of the most highly anticipated Federal Reserve meetings in years ended with Monetary Policy makers deciding to keep Interest Rates at record lows due to concerns about a weak Global Economy, low inflation, and Financial Market jitters. In light of the developments that we have seen and the impacts on Financial Markets, we want to take a little
And im Tyler Mathisen here in washington outside the Federal Reserves headquarters, where today the fed decided to keep Interest Rates right where they are, near zero percent. The decision was anyones guess, right up to its release at 2 00 p. M. Eastern time. But this the end the central bank chair janet yellen said this was not the right time to raise rates which were last hiked in 2006. Even as key parts of the economy not only recover but also strengthen. So the guessing game continues with attention now turning to the feds meeting in october or december, or even into next year. We have more on the decision and what elt matly held the Federal Reserve back. Reporter one of the most highly anticipated Federal Reserve meetings in years ended with Monetary Policy makers deciding to keep Interest Rates at record lows due to concerns about a weak Global Economy, low inflation, and Financial Market jitters. In light of the developments that we have seen and the impacts on Financial Markets
Why aren’t there 103’s on rate sheets? With 30-year mortgage rates firmly in the 7 percent range, the market has moved too fast for any kind of substantive premiums for lenders or MLOs to offer borrowers. Put another way, there aren’t any securities trading at prices like 101 or 103 that offer above par pricing that can be passed along. And with volumes continuing to decline, it will take a while for the secondary markets to catch up with the primary markets. As one fellow capital markets vet wrote to me, “I don’t even see premium pricing in the capital markets. There have been days where at best I saw par pricing on 6.5s, maybe 50 bps above. Even high-quality borrowers with FICOs above 780 and reasonable ratios need to bring money to the table. On that note, anything to add would be a nod to LLPAs in general, and the LLPAs that were handed down by the FHFA over the last year for 2nd homes and investments… With high bond coupons trading right o