
The Trump administration wants to put a new “welcome” doormat on the front steps of mortgage giants Fannie Mae and Freddie Mac.
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The U.S. bond market sets the risk-free rate against which every other asset is measured, which is why Ray Dalio calls it “the backbone of all markets.” But this week it’s also become the biggest story in global finance.
For millions of Americans, “someday” is starting to look like “never” as home ownership moves further and further out of reach.