Trump Push on Housing Finance Nudges Up Mortgage Costs

  • 📰 WSJ
  • ⏱ Reading Time:
  • 4 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Some mortgages are costing more because of uncertainty about new efforts to overhaul housing finance

Securities issued by mortgage giants Fannie Mae and Freddie Mac are trading at a growing discount compared with securities sold by Ginnie Mae, another government agency that backs mortgages, bond data show.

That has led to higher borrowing costs for plain vanilla mortgages.
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines