Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates reached the highest relative to 10-year Treasuries since May, as investors speculate that supply may grow as homeowner refinancing rises. Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds rose 0.05 percentage point to 0.91 percentage point more than 10-year Treasuries as of 1:58 p.m. in New York, data compiled by Bloomberg show. The gap reached a record low of 0.54 percentage point on July 30.
Most Popular Articles
While the real estate market has lots of challenges during the COVID-19 pandemic, a tsunami of houses being sold by Airbnb hosts who can’t pay their mortgages isn’t one of them. HW+ Premium Content
Another 1.9 million people filed jobless claims last week, the lowest level since the COVID-19 pandemic began hitting the U.S. in mid-March.