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Mortgage Rates for Best Borrowers Rise as Home-Loan Bonds S

 
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PostPosted: Thu Aug 21, 2008 8:46 am    Post subject: Mortgage Rates for Best Borrowers Rise as Home-Loan Bonds S Reply with quote
Aug. 21 (Bloomberg) -- A decline in mortgage bond prices is raising interest rates on U.S. home loans, even for borrowers least prone to default. Rates on average 30-year fixed mortgages rose to 6.37 percent this week, about the highest in six years, as yields on bonds guaranteed by Fannie Mae and Freddie Mac increased to almost the highest since 1986 relative to Treasuries.

[url=http://us.rd.yahoo.com/dailynews/rss/search/home+mortgage/SIG=12453geko/*http%3A//www.bloomberg.com/apps/news?pid=20601103&sid=aNgvjv5Kw760]Read more...[/url]
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