June 24 average daily rates in Orange County for 30-year fixed loans with one-point fee: Conforming up to 6.078%, Jumbo up to 7.446% and Conforming-Jumbo up to 7.208% (Note: conforming-jumbo rates are for loans from $417,000 to $729,750, while conforming is up to $417,000 -- both types are sold to GSEs. Jumbos here are $730,000 or higher and not sold to GSEs.)
Source: Newspaper Chart Services 
Senate leaders reach deal on mortgage bailout
May 19th, 2008, 5:38 pm · 4 Comments · posted by Matt Padilla, Register Reporter and Blogger
The Wall Street Journal online reports two top members of the U.S. Senate Banking Committee have struck a deal on a housing aid package that includes a regulatory overhaul for Fannie Mae and Freddie Mac.
Banking Committee Chairman Christopher Dodd (D., Conn.) and Richard Shelby (R., Alabama) said in a release both lawmakers support a compromise bill, reports the Journal. The Banking panel should vote on it Tuesday.
Details are sketchy, but the Journal said the compromise bill likely includes regulatory reforms for government-sponsored enterprises Fannie Mae and Freddie Mac along with a proposal for the Federal Housing Administration to insure up to $300 billion in loans, allowing struggling borrowers to refinance. The Journal says part of that money could come from an affordable housing fund created from Fannie Mae’s and Freddie Mac’s earnings.
Related Links:
- OC Register calls on Bush to veto mortgage bailout
- Pimco’s Gross says slash mortgage balances
- Did the agencies rating mortgage bonds let greed trump common sense?
- Bush expands FHA, again, to aid subprime borrowers
- Web voices unite against housing bailout
May 20th, 2008 at 10:34 am
check it out dear readers were headed for
a very deep recession and theres no way out
the bottoms not even on the radar screen
permabulls please get a clue and quick
severe recession dead ahead…
http://www.marketwatch.com/tvradio/bcPlayer.asp?bcpid=203719194&bclid=86272812&bctid=1562580806
May 20th, 2008 at 11:37 am
more of the awful truth– please dont count on
the senate to save you they dont have a clue
as to whats happening none nada zip
just look at the mess theyve allowed
to happen… now theyre gonna save us with this
BS legislation– all theyre gonna do is end up making
matters worse just like they did back in the 30’s
http://www.marketwatch.com/news/story/governments-numbers-racket-about-blow/story.aspx?guid=%7BF91A0843%2D69B4%2D4C0C%2D92CE%2DB835D9907945%7D
May 20th, 2008 at 12:30 pm
Time to get the government out of free markets. Take our medicine and we can heal ourselves.
Aloha,
Keahi
May 24th, 2008 at 10:34 pm
Those young people voting for BARACK OBAMA must realize how is he going to REPAY them — by making them RENTERS FOR NEXT FOUR YEARS. HE IS ALL FOR BAILOUTS, he will not let supply of homes come into the market so the prices stay artificially high. Say Goodbye for your American dream –the first time home owners