'Fannie Mae, Freddie Mac mortgage bonds soar'

Fannie Mae, Freddie Mac mortgage bonds soar

06/08/09 11:46

Yields from Fannie Mae and Freddie Mac mortgage bonds have soared, which will most likely push interest rates up on new home loans.

Yields on Fannie Mae's 30-year fixed-rate bonds soared by around 0.32 percent point to 4.64 percent, up from 3.94 percent last May 20 and near the six-month high of 4.69 percent recorded last May 27.

Link: Mortgage-Bond Yields Climb, Suggesting Higher Home-Loan

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