Fannie Mae Rates Creep Higher After Payrolls

        9:24 EDT - The Fannie Mae current coupon rate, a key component of how banks determine consumer mortgage rates, edged higher after jobs report, moving to 3.33% from 3.29% on Thursday but remaining in the middle of the tight 3.25-3.5% range carved out since mid-January, according to Credit Suisse. The corresponding consumer 30-year mortgage rate has bounced from 4.2-4.47% in the same period. Fannie Mae MBS have recovered some from the initial post-report selling, with 3.5% coupon MBS now slightly outperforming Treasurys. (albert.yoon@wsj.com)
        (END) Dow Jones Newswires

        May 02, 2014 09:24 ET (13:24 GMT)