Fannie And Freddie: The Ticking Bomb

Fannie and Freddie have over $6.5 trillion in mortgage and guarantees. Throw in $1.25 trillion for the Fed and billions at BofA, Citi, Wells, JPMChase and other banks. Our financial system is exposed to 5% mortgages that are 30 years in maturity (and little chance of prepayment). What will happen when inflation heats up and Treasury rates and mortgage rates go up?

Topics:  freddie   fed   bofa   citi   wells   jpmchase   treasury   trillion   rates   decline   mortgages   mortgage   
BING NEWS:
  • Today's Mortgage Rates, November 8, 2024 | Strong Economy Keeping Rates High in Spite of Fed Cut
    These are today's mortgage and refinance rates. Even though the Fed cut rates this week, mortgage rates are likely to remain elevated in the near term.
    11/7/2024 - 10:12 pm | View Link
  • Today's Mortgage Rates, November 7, 2024 | Rates Rise Following the Election
    These are today's mortgage and refinance rates. Mortgage rates are up thanks to shifting expectations around inflation. But they may drop in 2025.
    11/6/2024 - 10:00 pm | View Link
  • US home sales slowed again in September, falling to weakest annual pace in nearly 14 years
    Existing home sales sank to a nearly 30-year low last year as the average rate on a 30-year mortgage surged to a 23-year high of nearly 8%, according to mortgage buyer Freddie Mac ... of homes for ...
    10/23/2024 - 11:48 am | View Link
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