After a dismal past couple of days on the mortgage-rate front, mortgage bonds guaranteed by government-sponsored enterprises Fannie Mae and Freddie Mac rebounded today, stabilizing current mortgage rates. After recouping some of the widening risk premiums earlier in the week, the markets have been much steadier today, resulting in appealing prices on mortgage bonds that garnered interest from investors.
However, despite the improved relief in mortgage pricing on the secondary market, mortgage rates have yet to delve back to the historic lows we’ve grown accustomed to over the past couple of months.
–Robert Hyder
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