Printer Friendly

FANNIE MAE REPORTS POSTED YIELDS

 FANNIE MAE REPORTS POSTED YIELDS
 WASHINGTON, Nov. 12 /PRNewswire/ -- The Federal National Mortgage


Association (Fannie Mae) (NYSE: FNM) today reported its posted yields for Nov. 8, 1991. All Fannie Mae yields are quoted on a net basis. Servicing fees are not included.
 Fixed-Rate Mortgage Yields
 (30-Day Mandatory Delivery for Actual/Actual Remittances)
 Week Year
 Current Ago Ago
 Conventional
 15-Year FRM 7.990 8.02 9.65
 30-Year FRM 8.400 8.48 10.03
 FHA/VA (30-Year FRM) 8.650 8.73 10.28
 10-, 60- and 90-day yields are also available.
 Second Mortgages 8.050 8.08 9.58
 Adjustable-Rate Mortgage (30-year term) Yields
 Adjustment Interest Rate
 Period Caps Week Year Net
 (year) Per Adj. Lifetime Current Ago Ago Margin
 1 1 pct. 6 pct. 6.700 6.75 8.70 2.000 pct.
 1 (FHA) 1 pct. 5 pct. 6.950 7.00 8.95 2.000 pct.
 1(A) 2 pct. 6 pct. 5.600 5.65 7.65 2.250 pct.
 6 mos(A)
 (COF)(B) 1 pct. 5 pct. 5.750 5.80 7.75 2.125 pct.
 (A) Rate reduction
 (B) 11th District Cost of Funds indexed ARM.
 Lower yields are available for 15-year term ARMs.
 LIBOR Index Series
 Release Date 1-month 3-Month 6-Month 12-Month
 October 30, 1991 5.250 5.375 5.359 5.500
 September 27, 1991 5.500 5.688 5.688 5.813
 Commitment and Purchase Volumes ($Millions)
 Week Previous
 Ending Year to Year to
 11/08/91 Date Date
 Commitments to Purchase(A) 784.8 31,922.3 19,922.2
 Purchases 735.9 29,619.6 19,887.3
 MBS Issued 1,299.0 91,484.0 82,810.2
 (A) Excludes standby commitments issued, but includes standbys converted.
 -0- 11/12/91
 /CONTACT: Lisa Haas of Fannie Mae, 202-752-7124/
 (FNM) CO: Fannie Mae ST: District of Columbia IN: FIN SU: TW -- DC029 -- 3560 11/12/91 15:26 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1991
Words:322
Previous Article:THE MAY DEPARTMENT STORES COMPANY REPORTS THIRD QUARTER EARNINGS OF $.69 PER SHARE; UP FOR QUARTER AND NINE MONTHS YEAR-TO-DATE
Next Article:O-JAY TO ACQUIRE STOCK


Related Articles
FANNIE MAE REPORTS POSTED YIELDS
FANNIE MAE REPORTS POSTED YIELDS
FANNIE MAE REPORTS POSTED YIELDS
FANNIE MAE REPORTS POSTED YIELDS
FANNIE MAE REPORTS POSTED YIELDS
/R E V I S I O N -- FANNIE MAE/
/C O R R E C T I O N -- FANNIE MAE/ (Correction Notice)
/C O R R E C T I O N -- Fannie Mae/ (Correction Notice)

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters