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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Stefan who wrote (59060)	5/11/1999 1:45:00 PM
From: Freedom Fighter	Respond to of 132070

Stefan, >>What do you make of action in FNM? 30 year bond interest is up and FNM is running up every day. Is this market nuts or what?-ng-<< I'll have to defer to Mike Burke on FNM because he understands that business much better than I do. But I did take a look at the most recent annual report a couple of nights ago so that I can start trying to get up to speed. If I understood their notes correctly, the "current" mix of mortgages and hedges will actually perform better if rates rise. That tells me nothing about future business and interest rate spreads though. Wayne