Mortgage rates fell this week and could have further to fall in coming weeks. With Fannie Mae...

|About: Fannie Mae (FNMA)|By:, SA News Editor

Mortgage rates fell this week and could have further to fall in coming weeks. With Fannie Mae (FNM) and Freddie Mac (FRE) buying delinquent loans, rates could drop in the short-term because investors will sell higher-yield bonds to buy par coupons, which drive mortgage rates. Analysts still expect rates to rise later in the spring when the Fed stops buying mortgage-backed securities.