Fannie Mae (FNMA)

[navycmdr]

Morningstar DBRS assigned AAA ratings w “stable” outlook

to Fannie Mae & Freddie Mac on Thursday.

The rating service noted that the ratings were directly linked to the “long-term
local currency issuer rating” the firm currently has assigned to the U.S....

Sales of existing homes declined by 4.3% on a monthly basis in March, according to the
National Association of Realtors. “Though rebounding from cyclical lows, home sales are
stuck because interest rates have not made any major moves,” said Lawrence Yun,
chief economist at NAR.

Interest rates on mortgages have increased in April, hitting an average of 7.10% this week,
according to Freddie Mac...