Prices of mortgage securities issued by government agencies—Fannie Mae, Freddie Mac and Ginnie Mae—climbed to 15-year highs amid a surge in demand for investments that are as safe as Treasurys but offer better returns. These bonds, which are effectively guaranteed by the US government, now trade above their face value.
Fannie, Freddie debt in demand
Most Popular Articles
Latest Articles
CoStar Group finds success through the sale of Homes.com memberships
The company boosted its revenue by 12% year over year in Q1 2024