securities: Will Rates Go to 5%? They Just Fannie Mae.
- 09/15/08 03:58 AM
OK. Time to get out the crystal ball. We've been hovering in the low 6% range with the 30-yr. fixed interest rates (despite what all of the pop-up ads on Internet proclaim) and a few bits of news lead me to believe we may hit 5% by the end of the year. 1. I see, I see. I see wheelbarrows full of money being rolled into the farmhouse of Mortgage-Back Securities (MBS). With the FED stepping in and bailing out, I mean, backing, Fannie Mae and Freddie Mac, our mortgages have become attractive again and investors are lining up to buy. … (6 comments)
OK. Time to get out the crystal ball. We've been hovering in the low 6% range with the 30-yr. fixed interest rates (despite what all of the pop-up ads on Internet proclaim) and a few bits of news lead me to believe we may hit 5% by the end of the year.
;)
;)
