Fannie Mae, seeking to protect its market position and meet customer demands, has jumped into adjustable-rate loans with a new package of mortgages and a hint that its pricing would be attractive.

Lenders welcomed the news and expressed hopes that the pricing would indeed be competitive. Rising interest rates have revived consumer interest in adjustables, putting mortgage banking companies at a disadvantage because of the limited secondary market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.