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Friday, July 19, 2013 12:22:33 PM
The Fed is raising interest rates
Fact of July 18, 2013
"I don't think the Fed can get interest rates up very much, because the economy is weak, inflation rates are low," Bernanke told the House Financial Services Committee. "If we were to tighten policy, the economy would tank." - http://www.reuters.com/article/2013/07/17/usa-fed-bernanke-idUSL1N0FM1MY20130717
...with that being said given that FNMA is a gov entity they would not do so if it where to effect FNMA in a negative way.
Fact: Fannie Mae is not a government entity. It is a federally-charted privately owned corporation with shareholders
The feds have been waiting for FNMA to be strong enough before raising interest rates. This means the upcoming quaterly results for FNMA will be through the ROOF.
Fact: The upcoming quarterly results already occurred and ended on June 30, 2013. They are just preparing an earnings report for the past three months. Changing interest rates now, if that happens, may affect the 3rd quarter and has nothing to do with the 2nd quarter.
Get in. I am strengthening my position each day before early August. You thought the last spike was big wait till after next quarter results. Choo Choo jump on the train there is money to be made !!!!!
More power to you.
Just looking out for my fellow investors.
Me too.
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