Mortgage bonds from Fannie Mae and Freddie Mac tumble

08/13/2010 | Bloomberg

Prices for Fannie Mae and Freddie Mac mortgage bonds declined because of concern that home-loan refinancing will pick up after an announcement by the Federal Reserve that it will purchase more government notes. Mortgage securities reached an all-time high in July but have since dropped. Concern is mounting that more homeowners will refinance and policymakers will alter rules to aid struggling borrowers.

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