Sales of U.S.-backed mortgage bonds soared to a three-year high as steps by the Federal Reserve and Obama administration to make home ownership more affordable propelled a 34 percent jump in refinancing. Photographer: Daniel Acker/Bloomberg
Sales of U.S.-backed mortgage bonds soared to a three-year high as steps by the Federal Reserve and Obama administration to make home ownership more affordable propelled a 34 percent jump in refinancing. Photographer: Daniel Acker/Bloomberg
%7Cutmccn%3D(direct)%7Cutmcmd%3D(none);&utmn=212618473&utmp=%2Fphoto%2F2012-12-27%2Fmortgage-bond-sales-soar-on-fed-s-refinance-push-credit-markets&utmhn=10.248.179.14&utmac=UA-11413116-12&utmhid=775487981)