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Fannie Mae Weekly Yield
WASHINGTON, DC -- Fannie Mae (FNM/NYSE), the nation's largest source of financing for home mortgages, today reported its posted yields for April 8, 2005. All Fannie Mae yields are quoted on a net basis. Servicing fees are not included.
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Fixed-rate Mortgage Yields
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Conventional
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Current
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Week Ago
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Year Ago
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15-year FRM
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5.350
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5.340
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4.800
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30-year FRM
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5.830
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5.800
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5.520
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FHA/VA (30-year FRM)
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5.880
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5.860
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5.620
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Second Mortgages
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***
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***
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4.920
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(30-day mandatory delivery for actual/actual remittances; 10-, 60- and 90-day yields are also available.)
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Adjustable-rate Mortgage (30-year term) Yields
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Adjustment Period (year)
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Interest Rate Caps Per Adj.
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Interest Rate Caps Lifetime
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Current
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Week Ago
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Year Ago
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Net Margin
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1
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1%
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6%
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***
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***
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2.900
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2.000%
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1 (FHA)
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1%
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5%
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***
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***
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3.230
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1.750%
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1*
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2%
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6%
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3.920
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3.880
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2.350
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2.250%
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6mos* (COF)**
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1%
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4%
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***
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***
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3.400
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2.125%
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*Rate reduction. **11th District Cost of Funds indexed ARM. ***These numbers are no longer available. Lower yields are available for 15-year term ARMs.
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Release Date
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1-month
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3-month
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6-month
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12-month
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12-month Avg. of 1 month
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March 30, 2005
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2.8582
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3.0995
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3.3876
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3.8420
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1.9482
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February 25, 2005
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2.6895
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2.9101
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3.1495
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3.5114
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1.8009
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