Yields on Fannie Mae and Freddie Mac mortgage securities that guide home-loan rates climbed to the highest in five months relative to Treasuries as Europe’s worsening government finances led investors to shun all but the safest assets. Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds widened as much as 0.05 percentage point to about 0.78 percentage point more than 10-year Treasuries, the widest gap since Dec. 8, before closing at 0.75, according to data compiled by Bloomberg. The spread was 0.68 percentage point on April 26.
Mortgage bond spreads at widest in five months
Most Popular Articles
Latest Articles
GAO highlights reverse mortgage counseling in new report
Older adults need more information about financial programs, with GAO citing the HECM counseling program as an age-targeted example.