Housing

Fannie Mae’s chief economist: ‘We don’t expect spreads to come down anytime soon’

When mortgage rates blew past the 7% level earlier this year, the securitization market “froze up temporarily,” according to Doug Duncan, senior vice president and chief economist at the government-sponsored enterprise Fannie Mae. “Investors who would buy a […]

Financial Markets

Could mortgage rates finally hit 8%?

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down […]