Fannie Mae Weekly Yield for August 27, 2012

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News Release

September 04, 2012

Fannie Mae Weekly Yield

Katherine Constantinou

202-752-5403

WASHINGTON, DC -- Fannie Mae (FNMA/OTC) today reported its posted yields for August 24, 2012. All Fannie Mae yields are quoted on a net basis. Servicing fees are not included. 

Fixed-rate Mortgage Yields

Conventional

Current

Week Ago

Year Ago

15-year FRM

2.290

2.310

2.870

30-year FRM

2.970

3.000

3.780

FHA/VA (30-year FRM)

3.600

3.620

4.460

(30-day mandatory delivery for actual/actual remittances; 10-, 60-, and 90-day yields also are available.) 

Adjustable-rate Mortgage (30-year term) Yields

Adjustment Period (year)

Interest Rate Caps Per Adj.

Interest Rate Caps Lifetime

Current

Week Ago

Year Ago

Net Margin

1*

2%

6%

1.510

1.440

1.470

2.250%

*Rate reduction

Lower yields are available for 15-year term ARMs. 

Historical LIBOR Index Rates are available at https://www.efanniemae.com/sf/refmaterials/libor/index.jsp.

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.