The first full week of November seems to be a repeat of last year... with a gain o 14/32nds on Fannies. In November of 2009 we saw big gains for the first few weeks with over 40/32nds gain, only to lose most of the gains the last week of the month and First week of December. As we continue into November we continue to see clients with great credit get 30 year fixed rate loans in the VERY low 4's and 15yr loans in the mid to high 3's. When I started in this business I never would have thought we would see rates so low, Crazy all time lows as we have today. This week is a pretty quiet one with mostly auctions on the calendar, here is what we have for the week: Monday November 8: First Auction of the week with $36 Billion in 3 yr notes. This auction went off as expected today and we ha...
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