| FNMA 30 yr Mtg Com del 60 days |
| By Bankrate.com |
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| LIBOR, other interest rate indexes |
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This week |
Month ago |
Year ago |
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FNMA 30 yr Mtg Com del 60 days
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5.74 |
5.60 |
6.35 |
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What it means:
FNMA is the Federal National Mortgage Association, commonly known
as Fannie Mae. Fannie Mae is a corporation created by Congress to
support the secondary mortgage market. It purchases Federal Home Administration,
Veterans Affairs and conventional mortgages from primary lenders and
sells them to investors. The index measures mortgage commitments (Mtg
Com) for delivery (del) within 30 to 60 days; that is the required
net yield on mortgage loans that lenders sell to FNMA, which in turn
sells them to investors.
How it's used:
It's an index that is used primarily by lenders that sell their loans
to Fannie Mae. The lenders use it to price their loans. It has little
direct impact on ordinary investors.
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