picoupdate
Jun. 9th, 2009 12:05 pmThe MBS market has picked back up about a third* of yesterday's losses, btw. If this sustains look for rates just just shy of 6%. (5.875, etc.) Rumours are that the Fed and/or Treasury are putting on pressure to keep mortgage rates below 6%, but that's just chatter.
The US dollar has lost most of its gain from Friday almost as suddenly as it climbed. Too busy packing for Boston to figure out why.
* eta because I originally said half because .10 should never mean 10/32nds expressed in fake decimal but does and does not mean 10/16ths in fake decimal and either way it is stupid and annoying. I can deal with fractions DO NOT MAKE THEM FAKE DECIMALS AGH
The US dollar has lost most of its gain from Friday almost as suddenly as it climbed. Too busy packing for Boston to figure out why.
* eta because I originally said half because .10 should never mean 10/32nds expressed in fake decimal but does and does not mean 10/16ths in fake decimal and either way it is stupid and annoying. I can deal with fractions DO NOT MAKE THEM FAKE DECIMALS AGH