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30-year mortgage lowest in 2 years
Interest rates on U.S. 30-year fixed-rate mortgages fell to their lowest levels since September 2017. This comes as U.S. bond yields fall due to trade tension between United States and its trading partners, Freddie Mac said.
Thirty-year mortgage rates averaged 3.82% in the week ended June 6, down from 3.99% a week ago and 4.54% a year earlier, the mortgage finance agency said.
Related Ticker: DRGMX
Industry description
The investment seeks to maximize total return, consisting of capital appreciation and current income.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in U.S. mortgage-related securities. It will invest at least 65% of its net assets in Ginnie Maes. The fund can invest in privately issued mortgage-backed securities with a "BBB" or higher credit quality, but currently the advisor intends to invest in only those securities with an "A" or higher credit quality. It is not subject to any maturity or duration restrictions.
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A.I.Advisor
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These past five trading days, the mutual fund lost 0.00%.
A.I. Advisor
published General Information
General Information
Category IntermediateGovernment
Profile
Fundamentals
Details
Category
Intermediate Government
Address
Dreyfus Premier Gnma Fund Inc200 Park AveNew York
Phone
212-922-6850
Web
www.dreyfus.com
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