get this information on fnma being up? I see 1.5% down on fnma. Posting bs lies to get the price up hurts it even more. It will be down today and probably not do to good until this Bernanke BS dies down. Last week I commented on this issue. Fnma held strong closing up almost 7% on Friday. Today a lot of selling most profit taking on that 7% hike and the rest is insecurity on the housing market if good numbers come in on next mortgage report we will see both fnma and fmcc go up if the #s drop you will know what to expect.
I hope so, but interest rates will have to remain low if it does not all hell is going to break loose. Hopefully 1/2 point for now will not hurt the market in the long run but if they start raising interest rates you know what is going to happen you need to be realistic with the market all to include the banking sector which gets hurt when interest go up and unfortunately the Gov is not going to keep lending cash for free.