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Treasury Secretary Advocates GSE Assistance for High-End Borrowers

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Treasury Secretary Advocates GSE Assistance for High-End Borrowers

Treasury Secretary Henry Paulson announced Monday that he was in favor of temporarily lifting the dollar limit on loans purchased by Freddie Mac and Fannie Mae, allowing them to provide a market for so-called "jumbo mortgages."

Such a change, Paulson said, may...
...

Published Thu, Dec 12 2007 8:00 AM by Glenn Setzer

Filed under: Freddie Mac, Fannie Mae, treasury secretary, ben bernanke, gse, jumbo mortgage, henry paulson, loan caps

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Mortgage Rates:

30 Yr FRM 3.85%
|
15 Yr FRM 3.23%
|
Jumbo 30 Year Fixed 4.10%

MBS Prices:

30YR FNMA 4.5 106-24 (0-03)
|
30YR FNMA 5.0 108-03 (0-02)
|
30YR FNMA 5.5 108-31 (0-02)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
NAHB Builder Confidence 16.00%

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