Fannie Mae and Freddie Mac mortgage bonds pared losses relative to Treasuries with the market for government-backed home-loan debt heading for its worst month since 2008 at the height of the global financial crisis. Fannie Mae’s 30-year fixed-rate mortgage securities with 4.5 percent coupons rose 0.08 cent on the dollar in comparison with U.S. government notes as of 12:40 p.m. in New York, after a relative drop of 0.39 cent yesterday that was the largest this year, according to data compiled by Bloomberg.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.