{"id":197014,"date":"2008-03-07T18:05:00","date_gmt":"2008-03-07T23:05:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/03\/07\/the-housing-crisis-just-got-bigger\/"},"modified":"2008-03-07T18:05:00","modified_gmt":"2008-03-07T23:05:00","slug":"the-housing-crisis-just-got-bigger","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/03\/07\/the-housing-crisis-just-got-bigger\/","title":{"rendered":"The Housing Crisis Just Got Bigger"},"content":{"rendered":"<p>Yes, the GSEs limits on the mortgages that they can buy have <a href=\"http:\/\/money.cnn.com\/2008\/03\/06\/real_estate\/expensive_mortgages_get_cheaper\/index.htm?postversion=2008030617\">just  been increased from 417,000 to as high as $793,750<\/a>, and the FHA limits on insurance have gone from $362,790 to $729,750.<\/p>\n<p>The market has responded by <a href=\"http:\/\/www.nytimes.com\/2008\/03\/07\/business\/07credit.html?hp\">increasing the yield spread between debt issued by Fannie Mae and Freddie Mac and 10 year Treasury bonds to 2.38%<\/a>, the highest spread in 20 years.<\/p>\n<p>Historically, it&#8217;s been in the 1.0 to 1.5% range, and this means higher mortgage rates, even if the GSEs can now carry your jumbo paper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yes, the GSEs limits on the mortgages that they can buy have just been increased from 417,000 to as high as $793,750, and the FHA limits on insurance have gone from $362,790 to $729,750. The market has responded by increasing the yield spread between debt issued by Fannie Mae and Freddie Mac and 10 year &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088],"tags":[],"class_list":["post-197014","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197014"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=197014"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/197014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=197014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=197014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=197014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}