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Real Estate & Property Law

: Housing Wire

Mortgage Rates Jump as Agency MBS Spreads Rise

By PAUL JACKSON

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Fixed mortgage rates jumped up significantly this week, as investors in the secondary mortgage market wrestled with supply and demand issues in the agency MBS market. Freddie Mac (FRE: 1.12 +3.70%) reported Thursday that the average rate on a 30-year fixed-rate mortgage jumped 42 basis points to 6.46 percent with an average 0.7 point for [...]

Full post as published by Housing Wire on October 30, 2008 (boomark / email).

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