Printer Friendly

FANNIE MAE REPORTS POSTED YIELDS

 WASHINGTON, March 1 /PRNewswire/ -- The Federal National Mortgage Association (Fannie Mae) (NYSE:FNM) today reported its posted yields for Feb. 26, 1993. 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
 Conventional Current Ago Ago
 15-year FRM 6.740 6.75 8.12
 30-year FRM 7.280 7.33 8.54
 FHA/VA (30-year FRM) 7.530 7.58 8.79
 10-, 60- and 90-day yields are also available.
 Second Mortgages 6.790 6.83 8.08
 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. 5.900 5.95 6.50 2.000 pct.
 1 (FHA) 1 pct. 5 pct. 6.150 6.20 6.75 1.750 pct.
 1(A) 2 pct. 6 pct. 4.800 4.85 5.40 2.250 pct.
 6 mos(A)
 (COF)(B) 1 pct. 5 pct. 5.000 5.05 5.55 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
 Feb. 25, 1993 3.203 3.219 3.328 3.578
 Jan. 28, 1993 3.203 3.313 3.438 3.750
 Commitment and Purchase Volumes ($Millions)
 Week Previous
 Ending Year to Year to
 2/26/93 Date Date
 Commitments to Purchase(A) 1,283.8 10,045.0 13,841.3
 Purchases 1,044.7 9,059.4 10,133.6
 MBS Issued 396.9 29,186.3 24.002.6
 (A) Excludes standby commitments issued, but includes standbys converted.
 -0- 3/1/93
 CONTACT: Polly Shannon of Fannie Mae, 202-752-6707
 (FNM)


CO: Federal National Mortgage Association ST: District of Columbia IN: FIN SU:

KD -- DC028 -- 1557 03/01/93 15:50 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 1, 1993
Words:320
Previous Article:NEW MOVIE COULD HURT JOB CHANCES OF DEFENSE DOWNSIZING VICTIMS
Next Article:HEALTH ALLIANCE PLAN ASSUMES FULL OWNERSHIP OF MEDICAL VALUE PLAN


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 © 2017 Farlex, Inc. | Feedback | For webmasters