“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 play5.3% interest rate, $1 million mortgage, $100,000 gift, $200,000 savedShare this moment
“The average rate on the 30 year fix rose 10 basis points today 7.56% according to Mortgage News Daily”