“Garrett and AmCap have really helped me grow my book of business through my new net branch with AmCap. I have always had a core group of loan officers who worked with me over the years, but once I hooked up with AmCap and was able to market myself as a true banker with all the intangibles that provides I have grown my small shop to 20+ closings a month. Not only have we grown, but I have been able to spend less time worrying about each file…from processing to underwriting to closing it all happens under one roof.”
Mortgage-Bond Yields Fall to Low on Fed's Treasury-Buying Plan
Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates set record lows after the Federal Reserve said it would buy more U.S. government debt as its housing-bond holdings pay down.
Fannie Mae’s 30-year fixed-rate, current-coupon securities declined about 0.02 percentage point from yesterday to 3.43 percent as of 5 p.m. in New York, keeping pace with 10-year Treasuries after the Fed’s announcement, according to data compiled by Bloomberg. That’s down from this year’s high of 4.67 percent on April 5, and surpasses previous lows reached several times this year, most recently at 3.45 percent on July 30.