Mobile Mortgage News

Fed cut no help for mortgages

posted 238 weeks ago on Mortgage Insider

Contributed by Register columnist/blogger Jon Lansner ... Scott Simon, top mortgage watcher at Pimco in Newport Beach, says that the initial reaction of bonds backed by home loans to the Fed's quarter-point Fed Funds rate cut today was one of indifference. As a result, Simon says, mortgage shoppers got no boost from the Fed, "not so [...]
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