April 9 edition
- Fed: $2.3 trillion loans for midsize businesses, US cities and states
- UST range bound .72-.74 bp
- Fed includes CMBS AAA securities in TALF
- FHA rates
- 223(f) flat 2.60-2.65
- 221(d)(4) 3.30-3.60
- GSE’s narrowing average of 10 bp
- Fannie 3.32%
- Freddie 3.40%
- FHA & GSE bids good for 2 minutes
- Commercial MBS 48% of all MF debt ($728 billion)
PRO take away
- Good time to borrow or refinance
