Mortgage-Bond Yields Jump to Highest in Month After Jobs Data
Yields on Fannie Mae and Freddie Mac mortgage securities climbed to the highest in almost a month amid signs the employment market is improving, signaling that interest rates on new home loans may extend a rebound from record lows.
The yield on Washington-based Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds climbed 0.08 percentage point to 4.25 percent at 4:36 p.m. in New York, the highest since Nov. 11, according to data compiled by Bloomberg. That’s up from 3.90 percent on Nov. 30, suggesting a similar rise in mortgage rates, which declined to a record low average in the latest week.
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