Washington, Oct 27 (Prensa Latina) The average long-term U.S. mortgage rate topped 7% for the first time in over 20 years this week, rate of 30-year mortgages in the United States exceeded seven percent this week for the first time in two decades.
The pace of MBS issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum