Time to load up on 4.5% and 5% Fannie Mae-guaranteed securities, Bank of America says. With...

|By:, SA News Editor
Time to load up on 4.5% and 5% Fannie Mae-guaranteed securities, Bank of America says. With 30-year mortgage rates back up around 5.5%, the feds will either have to step up their efforts to drive down mortgage-bonds yields, or give up, firm says. It predicts the former.