Yields on Fannie Mae and Freddie Mac mortgage securities that guide US home-loan rates fell to the lowest in more than a year and many of their notes rose near record high prices as investors seeking safe debt wager prepayments will stay manageable. The yield on Fannie Mae’s current-coupon 30-year fixed-rate mortgage bonds, or those trading closest to face value, dropped to 3.88%.
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.