mortgage update | 01.17.2008 | 30F 5.500%

The FNMA 5.5% Bond has been riding a rollercoster recently.  Today the bond is +12bp which translates into a solid 5.5% 30 fixed rate with no points.  We expect continued volotility as the market digest Ben Bernanke’s testimony.  Bernanke’s testimony confirmed that the Fed does Read more