No idea with what the other central banks will do but it's basically in line with the thinking in the $1,500,000,000,000 repo agreements the Fed made with the large banks here: to ensure credit markets don't freeze up.


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Does this mean mortgage rates are going down again?
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Wife and I have been waiting to do a re-finance loan, wonder if this will give us a better shot for a better rate. Don't know if they're connected at all, not a finance guy really, but we've wanted to pull that trigger for the past half year or so to take care of some CC debt. I'm not a finance guy outside of the basics and calculations.
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If your original loan is close to whatever lenders are quoting now and you plan to move on from wherever your living now soon then it's probably not worth it.
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“Bail in” coming to a theater near you
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We refinanced earlier this week at 3.15

Plan on being here for the rest of my days
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This is timing good for me as I'm closing on two properties the same day 3/24. But I'm sure the lowest my bank is going to go is 5% just because they're commercial loans.
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We locked in at 3.375 about 2 weeks ago on a house being closed on May 6th. I’m calling first thing tomorrow to see if the rates are lower and if I can have it redone.
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Missed the part where the Fed bought up $200MM in Fannie/Freddie/Gennie mortgages. That's concerning.
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Same except I close in 15 days.
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Why?
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It's probably nothing big considering that would figure out to a few hundred mortgages but could be suggestive of a bigger problem beside Beervirus
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Discuss,

I’m enjoying your posts in here lately. Thank you. Honestly learning quite a bit.
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We will be living for the next likely 7 years, after that our daughter will be out of high school and we can move wherever makes sense at that time.
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Oof. That’s not great.
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