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As Freddie Mac Posts A Second Consecutive Uptick In Mortgage Rates, Are MBS Next On The Monetization Menu?

Submitted by Tyler Durden on 10/28/2010 10:16 -0400

Freddie Mac updated its weekly mortgage survey and notes that for the week just ended, the 30 Year FRM has risen for the second week in a row from an all time low of 4.19%, now at 4.23%. This is a direct impact of the recent rise in yields in the 10 year UST. And since the White House's primary goal through the end of its administration is to get mortgage rates to unsustainably low rates, it is now obvious why Bill Gross is bypassing the purchase of Treasuries and going straight into MBS. Will the Fed surprise by buying not just Treasurys but mortgage backed securities yet again, to get the best bang for the mortgage rate buck?

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Thu, 10/28/2010 - 10:18 | 683129 citationneeded

I mean, was it a coincidence that Gross wrote that article the day the WSJ leaked a tame QE2?

Thu, 10/28/2010 - 10:19 | 683130 Jim in MN

Buck bangers, bitchez!

Thu, 10/28/2010 - 10:19 | 683134 Yikes

Does a bear crap in the woods?

Thu, 10/28/2010 - 13:23 | 683740 VegasBD

Not a polar bear.

Thu, 10/28/2010 - 10:22 | 683148 shushup

Does anyone know if Rick santelli had a rant about the Fed survey of the PDs today?

That would be awesome.

Thu, 10/28/2010 - 10:40 | 683210 Village Idiot

I watched his rap at the open. Rick didn't hit on it.

Thu, 10/28/2010 - 10:57 | 683271 Dagny Taggart

Maybe he didn't have time to check ZH before his gig?

Thu, 10/28/2010 - 11:33 | 683379 Dr. No

I guess I dont understand why people are surprised by Ben surveying the PD. I mean those banks own the fed. It makes sense he would ask the real board of directors whay he should do.

Thu, 10/28/2010 - 10:25 | 683167 Dr. Engali

I sure wish they would monotize my mortgage. Maybe I'll just wait until we hyper inflate then pay it off with a trillion dollar bill. I hope they can make change.

Thu, 10/28/2010 - 10:26 | 683168 Dr. Engali

I sure wish they would monetize my mortgage. Maybe I'll just wait until we hyper inflate then pay it off with a trillion dollar bill. I hope they can make change.

Thu, 10/28/2010 - 10:29 | 683173 Confused Indian

Few suggestions to the president: -

- The averge american is stupid and foolish. I request the president to save money on elections and conduct a poll with some 10-20 PDs (a.k.a TBTF blackmailers like GS) for the upcoming elections. That should be cheap and safe and you can name it as a austerity measure too saving the taxpayer's money.

- People who are not buying AAPL and AMZN are acting against the nation. It should be made mandatory for every citizen to trade compulsively. Those in need of money can borrow it from banks under new trading loan scheme. This country needs new bubble now.

More later....

Thu, 10/28/2010 - 11:00 | 683280 Djirk

You must be a POMO Indian

Thu, 10/28/2010 - 11:35 | 683382 Problem Is

LOL Djirk...
Since POMO Indians own gambling casinos in Calif...

Maybe that is why Ben called the operation of giving PDs cash to gamble on the big casino POMO...

Thu, 10/28/2010 - 11:26 | 683358 Problem Is

"request the president to save money on elections and conduct a poll with some 10-20 PDs (a.k.a TBTF blackmailers like GS) for the upcoming elections."

Actually, The Current System for Presidential and Congressional Elections Is:
10-20 PD's get together and decide which 2 bitchez to fund with $600 million in campaign bribes... 1-R and 1-D to put into a Kabuki Theatre box.

The only real question in Amerikan Political Kabuki theater is... which bitch (D or R) will be wearing the dress...

Obummer Doesn't Poll The PD's
The PD's take a poll about Obummer...

The question to the PD's now: John McSenile was the bitch in the dress last time... Is Obummer the bitch in the dress this time?

Thu, 10/28/2010 - 10:34 | 683185 jus_lite_reading

Let the currency wars commence!

144:58:29

Thu, 10/28/2010 - 10:47 | 683236 SteveNYC

MBS were ALWAYS the goal of a switch n bait QE2 if you ask me....watch that slimy weasel Bernanke pull a Hank Paulson.....

Thu, 10/28/2010 - 11:44 | 683420 Tic tock

Dead certainty

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As Freddie Mac Posts A Second Consecutive Uptick In Mortgage Rates, Are MBS Next On The Monetization Menu?

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