Mortgage News Weekly 4/13/20

In This Issue…

Spring Holiday Edition

Last Week in Review: MBS Stabilizing Thanks to Fed

Spring Holiday Edition

I hope you’ve been enjoying your complimentary subscription to the Mortgage News Weekly and that you and your family are staying safe and healthy.

Your next full issue will arrive “hot off the press” next week. In the meantime, please enjoy the useful information below and share it with any clients or colleagues who may benefit.

The Mortgage News Weekly is the industry’s leading publication of this type, and I’m pleased to provide this valuable resource to you. If you feel that any of your colleagues or associates would benefit from keeping up to date on market and economic trends with this easy-to-read format, please let me know and I will be happy to add to our email list them free of charge.

Last Week in Review:

MBS Stabilizing Thanks to Fed

As we take time to recognize the Passover and Easter holidays, here are a few highlights we can provide as the world finds alternative ways to celebrate with family and friends due to the coronavirus pandemic.

Mortgage-backed securities (MBS) have been stabilizing due to the Fed’s enormous Bond buying over the past few weeks. This means home rates have not been getting better and they have not been getting worse thanks to the Fed jumping in and adding much needed liquidity.

The Fed has done a terrific job stabilizing the MBS market in these unprecedented times.

Finally, it appears the markets see the end of the coronavirus coming as Stocks are well off their worst levels of a couple of weeks ago.

The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is without errors.As your mortgage professional, I am sending you the MMG WEEKLY because I am committed to keeping you updated on the economic events that impact interest rates and how they may affect you.Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose.