ness Posted March 16, 2020 Author Posted March 16, 2020 It's a supply and demand thing driving mortgage rates, not banks arbitrarily deciding to stick it to borrowers. Virtually all mortgages are securitized and sold in the secondary markets as mortgage-backed securities and those markets largely determine mortgage rates. When our government wants to calm the markets down they go into the market and buy securities including mortgage-backed securities adding cash to the system and pushing rates lower. Early last week they announced a big buy, but excluded mortgage-backed securities from the program, which was a huge screw up on their part. That sent MBS prices tumbling and yields rising creating the increase in mortgage rates later in the week. When they announced their big program over the weekend they remembered to include MBS so prices have rebounded and yields are falling as are mortgage rates. The problem for the mortgage markets now is the huge glut of refinance applications we choked down. No bank, including us, sits around with a bunch of extra staff twiddling their thumbs just in case mortgage applications double or triple. So, if you got your application in early in all this you're probably fine. If you didn't, not so good for you. Back on topic: I had cold pizza for lunch today! fishinwrench 1 John
Mitch f Posted March 16, 2020 Posted March 16, 2020 4 hours ago, ness said: Back on topic: I had cold pizza for lunch today! Thanks for the info. Is that a Monster energy drink to assist you in downing the cold pizza 🍕? Can’t tell.... that rotational thing again "Honor is a man's gift to himself" Rob Roy McGregor
snagged in outlet 3 Posted March 16, 2020 Posted March 16, 2020 40 minutes ago, Mitch f said: Thanks for the info. Is that a Monster energy drink to assist you in downing the cold pizza 🍕? Can’t tell.... that rotational thing again Bud select in the black can😁 Mitch f 1
BilletHead Posted March 16, 2020 Posted March 16, 2020 55 minutes ago, Mitch f said: Thanks for the info. Is that a Monster energy drink to assist you in downing the cold pizza 🍕? Can’t tell.... that rotational thing again 14 minutes ago, snagged in outlet 3 said: Bud select in the black can😁 100% coke zero Been bugging me since this was posted! Mitch f and ness 1 1 "We have met the enemy and it is us", Pogo If you compete with your fellow anglers, you become their competitor, If you help them you become their friend" Lefty Kreh " Never display your knowledge, you only share it" Lefty Kreh "Eat more bass and there will be more room for walleye to grow!" BilletHead " One thing in life is for sure. If you are careful you can straddle the barbed wire fence but make one mistake and you will be hurting" BilletHead P.S. "May your fences be short or hope you have long legs" BilletHead
ness Posted March 16, 2020 Author Posted March 16, 2020 Hah! Amazing what you guys zoom in on 😄 Coke Zero it is. Identify the mouse pad and win a cookie! John
Mitch f Posted March 16, 2020 Posted March 16, 2020 Bloomberg Barclays "Honor is a man's gift to himself" Rob Roy McGregor
Terrierman Posted March 16, 2020 Posted March 16, 2020 On 3/15/2020 at 5:56 PM, BilletHead said: You know Randy I have never eaten beef heart! Like all wild meat that isn't overcooked it was tender and mild. Hope someone else on here will tell us. Big fan of deer heart and also beef heart. Beef heart has less of an organ meat flavor. I put the two of them at the top of steaks from the animals that give them to us. They are both terrific!! BilletHead 1
ness Posted March 16, 2020 Author Posted March 16, 2020 34 minutes ago, Mitch f said: Bloomberg Barclays You’re half way there, but I don’t split cookies 😄 John
N9BOW Posted March 16, 2020 Posted March 16, 2020 6 minutes ago, Terrierman said: Big fan of deer heart and also beef heart. Beef heart has less of an organ meat flavor. I put the two of them at the top of steaks from the animals that give them to us. They are both terrific!! I’m with but.... it’s gotta have onions in the mix for me... just has a balancing effect for my pallet. BilletHead and Terrierman 2
BilletHead Posted March 17, 2020 Posted March 17, 2020 1 hour ago, ness said: Hah! Amazing what you guys zoom in on 😄 Coke Zero it is. Identify the mouse pad and win a cookie! Dang! I out to win something! "We have met the enemy and it is us", Pogo If you compete with your fellow anglers, you become their competitor, If you help them you become their friend" Lefty Kreh " Never display your knowledge, you only share it" Lefty Kreh "Eat more bass and there will be more room for walleye to grow!" BilletHead " One thing in life is for sure. If you are careful you can straddle the barbed wire fence but make one mistake and you will be hurting" BilletHead P.S. "May your fences be short or hope you have long legs" BilletHead
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