Replies to post #741396 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

If people want to see the value of the 30 year fixed (being the majority here in USA due to FNMA buying that paper)

look now to England and what is and will be happening - as their paper is mostly 2-5 year floating rate paper ---- so rates are increasing and applying again is happening ----- during a drop in value and higher rates ------- this is sort of what we had pre FNMA