Rob Zimmer
@RobTVDC
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Why don't Washington and Wall Street talk? Cause they don't speak the same language. Ever.
Joined June 2013
We need new ideas to lower mortgage costs for young families. Here's one: have the GSEs provide a targeted backstop bid for MBS to lower the 30/10 spread, which is costing young Americans extra cash. Community lenders think it will work. $fnma $fmcc @pulte @FHFA @FannieMae
communitylender.org
CHLA and ICBA jointly write a letter to Treasury Sec. Bessent and FHFA Director Pulte asking them to have Fannie Mae and Freddie Mac purchase mortgage backed
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Homeland Security funding bill set to pass House on close vote, with some Dem defections (and maybe 1 R defection.) Other three funding bills up next will pass easily. Senate needs to get to town (with heavy snow?) next week to vote. Before Jan 30 dx.
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Very interesting but of course could change if bond rates don’t settle down.
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"China is not our friend..." and only respects hardball leverage. Good news: US has economic and population growth advantages that China does not possess--and is unlikely to regain anytime soon. (but we already knew this)
Trump: "Big retaliation if Europe sells US assets like bonds..." China? *Does that retaliation include not showing up for auctions?
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Plenty of insulation for your house to keep energy bills down?
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One less hurdle for today's FY 26 spending bills' vote in the House...
🚨NEWS -- HOUSE REPULBICAN LEADERSHIP has a deal with the midwestern holdouts who were demanding year-round sale of E15 in funding bill. The House Republicans will set up a rural energy council -- chaired by @RepFeenstra and @RepBice -- to dig into E15 issue and negotiate
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US House on the brink of passing last 4 spending bills; three have a clear shot, Homeland Security could be a closer vote. We'll know today.
White House officials told farm groups in a closed-door meeting today that including an E15 provision in a separate, Senate-driven farm aid package would be a better option for ethanol proponents than the funding package in the House now — explaining the Trump admin did not want
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There are 4 branches of the US federal government & some say the bond market is the most noteworthy one.
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Interesting but yes citing that year always makes one a bit nervous.
GLOBAL CORPORATE BOND YIELD PREMIUMS FALL TO LOWEST SINCE 2007 - Bloomberg. *The REAL headline should be, investors have been getting long (investing in) corporate bonds and HARD assets because they trust global governments -- A LOT less -- than they did 24 months ago.
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The 30/10 spread is now 184 bps. It was 220 on Dec 20th. But—tell me again ppl how this F/F purchase of MBS idea wasn’t gonna improve mortgage rates—or that 36 bps isn’t real money to young families??
The average 30-year fixed mortgage rate today: 6.07% Same day last year: 7.07% -------------------- 10-year Treasury yield: 4.23% Spread today: 184 bps
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And what happened to all the lamplighters too.
Next time you worry about AI taking your job realize firewood used to be a quarter of GDP Via @NatBullard
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“what” producer prices have done, not “with” thank you spellmesser
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meh, now tell us with producer prices have done since the end of COVID era...start with 2023. then tell us how the job market is doing for young people today.
Producer Prices in the US rose 4.7% per year over the last 5 years and over 26% in total. 2% inflation is a myth. The Fed should be hiking rates, not cutting.
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