Mortgage-backed securities jump, signaling rates to drop (Market Watch) SAN FRANCISCO (MarketWatch) -- Mortgage-backed securities rallied Tuesday, sending yields sharply lower, which indicates mortgage rates are likely to fall further. Yields on securities of pooled mortgages backed by Fannie Mae fell 30 basis points Tuesday from Monday's close, following a 17 basis-point decline Monday, said Miller Tabak & Co. bond strategist Tony Crescenzi. These yields correlate ...
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All the information and advice you'll need to find the best mortgage with the lowest interest rate even if you're a first-time buyer or have credit problems.
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Information provided by The National Financial News Services. Rates are subject to change without notice. Contact lenders directly for additional fees and services. Conforming APR ...
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