Mortgage rates rise despite $200B GSE MBS expansion signal

Are Mortgage Rates Approaching a Top?

Mortgage rates have had a really bad month. After falling to the lowest levels in three and a half years in late February, they abruptly changed course. The reason why wasn’t a mystery. An unexpected war broke out in Iran, sending oil prices above $100 a barrel and mortgage rates back above 6.50%. At last… Read More »Are Mortgage Rates Approaching a Top? The post Are Mortgage Rates Approaching a Top? appeared first on The Truth About Mortgage.

Mortgage rates rise despite $200B GSE MBS expansion signal

Fannie Mae and Freddie Mac have been active in the mortgage-backed securities (MBS) market in recent weeks — but their approach appears more measured and opportunistic than many initially expected. Their activity has also been overshadowed by the U.S.-Iran conflict.  “We’ve seen some activity from the GSEs. Instead of issuing cash window pools and putting those out for the bid, they are retaining all the premium pools,” said Jeana Curro, managin…