Yields on Fannie Mae and Freddie Mac mortgage securities that guide home-loan rates fell to the lowest in five months as US Treasuries gained on concern that the sovereign debt crisis will stunt economic growth. Fannie Mae’s current-coupon 30-year fixed-rate mortgage- backed securities tumbled 0.08 percentage point to 4.19% as of 12:10 p.m. in New York, the lowest since Dec. 8.
Mortgage-bond yields that guide loans fall to five-month low
Most Popular Articles
Latest Articles
Announcing the 2024 Class of Rising Stars!
HousingWire’s Rising Stars award recognizes the emerging leaders in real estate and mortgage who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones all before the age of 40.
-
Reverse mortgage veteran offers advice for bringing new partners aboard
-
What are the potential home equity and tax strategies for wealthy seniors?
-
Mr. Cooper delivers $181M profit in Q1 2024
-
At World Properties settles the commission lawsuits
-
Mortgage demand slumps as interest rates move higher: MBA