“When we first started looking for our first home we had so many questions. Garrett’s firm represented us in the purchase of our beautiful home in Alamo Heights. Garrett was not only able to answer all of those, but he also helped us find the answers to some important questions we didn’t even know to ask. Throughout the entire process Garrett kept us informed and was great to work with. We love our house and have referred several friends and family members to Garrett and he has provided excellent service to all of them as well.”
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.