From The "Bond Guy"...

Our chief correspondent in bond land continues to provide us proactive insights when it matters most... Here's what he had to say today:

"mortgages are now wider than they were pre-GSE taking over by governement...
remember they wanted to make mortgages "affordable and available" to home owners? 6.55 30yr mortgage rate right now. And that's for <80 ltv, >720 fico guys, full doc."

Access to capital continues to tighten, as cost of capital continues to rise, globally.
KM