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The Federal Reserve recently said that it plans to continue purchasing large quantities of Mortgage Backed Securities to provide support to the mortgage and housing markets,

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News Sources wrote an interesting post today on
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Paul Volcker was the Federal Reserve chairman back in the early 1980s. He had been appointed by President Jimmy Carter in 1979. His task was to squelch inflation and that he did by sharply hiking short-term interest rates. Unfortunately, the economy took a huge hit as a result of his inflation-fighting efforts, but he did kill off inflation for a generation. That feat alone gives him enormous credibility in terms of our banking and monetary system. Now, of course, Volcker is back in the ne

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News Sources wrote an interesting post today on
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By Terry Coxon, Editor, The Casey Report GoldSeek.com Sprinkled among all the official talk about efforts to end the current recession, you’ll hear assurances, notably from Federal Reserve Chairman Ben Bernanke, that when the economy does revive, it won’t be allowed to blast off into runaway inflation. The Fed, we’re being promised, will prevent such a launch by reabsorbing the hundreds of billions of dollars of excess liquidity it recently created to halt the credit crisis. Delivering

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News Sources wrote an interesting post today on
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Federal Reserve Chairman Ben S. Bernanke has some good news for investors: Treasury bondholders will lose money for the first time in 10 years amid an unprecedented decline in the gap between the interest rate on 30-year mortgages and government notes, signaling an end to the worst financial crisis since the Great Depression. Yields on benchmark 10-year notes will end the year little changed at 3.36 percent before rising to 3.65 percent by mid- 2010 as bond prices fall, according to the avera

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News Sources wrote an interesting post today on
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The biggest news involving mortgage rates last week was the Fed’s decision to extend, not expand, the term of their $1.25 trillion MBS purchase program into 2010. According to the latest issue of HSH’s Market Trend’s Newsletter — ‘Mortgage Rates on Extended Life Support’ — “Anyone who believed that the Federal Reserve would flip a switch and exit the mortgage market at the end of this year was proven wrong this week. The Federal Reserve extended the term of its $1.25 trillion MBS purchase

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