US mortgage bond spreads mixed before Fed talks - 2004-03-15
U.S. mortgage-backed bond prices and spreads were mixed on Monday amid small trading activity
ahead of a Federal Reserve policy meeting which is expected to generate little change to U.S. monetary policy.

"It is very quiet. We are right in front of an FOMC
meeting so people who wanted to position for it did so already," said Alec Crawford, head of
mortgage-backed bond research at Deutsche Bank Securities.
Read the full story at Reuters via Forbes

Greenspan: adjustable mortgages can save money - 2004-03-15
Federal Reserve Chairman Alan Greenspan highlighted that American homebuyers are willing to pay higher fees and an interest premium in exchange for rate predictability and the right to refinance.

This, the Fed chief continued, despite Fed research suggesting Americans could have saved tens of thousands of dollars if they'd financed their home purchases during the past decade with adjustable-rate mortgages.
Read the full story at Dallas Business Journal