What drives Fannie Mae rate Index? Will it go up or down in the next few months?
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What are the factors that affect Fannie Mae rate index? What is the prediction for the rate in the upcoming months? When will they be the lowest? Why?
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Answer:
Most rates are tied into the 10 year bond. When bond market goes down, rates are better... when they rise, rates get worse. Even though I hate CNN, go to cnnmoney.com and they have the 10 year bond on the top. Red means bad for rates, green means good or not bad.
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