“Mortgages like mine can be bundled into bonds, and those bonds have a semi-explicit guarantee from the U.S. government in the form of their approval by Fannie and Freddie”

Prof G Markets · Why The S&P Just Hit A Record High - Despite Soaring Yields

Play from 26:54
26:54

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What was described

Bundled mortgages into bonds that are bought by Fannie and Freddie, providing a semi-explicit guarantee that enables 30-year fixed-rate mortgages

Said nearby on the same subject

“At 5.3% for a 30-year mortgage… $1 million mortgage is a $2 million repayment… if the bank of mom and dad gives you $100,000 you only need a $900,000 mortgage… you saved $200,000”
SK
Simon Kirstenmacher
Demographics Decoded - Unveiling the trends shaping your future ·
Data play 5.3% interest rate, $1 million mortgage, $100,000 gift, $200,000 saved Share this moment
“The average rate on the 30 year fix rose 10 basis points today 7.56% according to Mortgage News Daily”
♫
Said on Closing Bell
Hard number 7.56 % Share this moment
“I’d prefer it to go into my mortgage offset and offset that mortgage”
♫
Said on She's On The Money
Why it worked Share this moment
“‘...that's why we advocate for a 30-year mortgage product for a portfolio of shares.’”
SJ
Steve Johnson
Equity Mates Investing Podcast ·
Pricing First mortgage 2.05% fixed for four years; current mortgage 5.8-5.9%; … Share this moment

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