Asian central banks assisting U.S. home buyers - 2004-02-13
Prices of mortgage bonds guaranteed by the U.S. Government National Mortgage Association have climbed in the past year, helping to push down U.S. mortgage rates, thanks in part to foreign central banks seeking a safe place to park dollars.
While U.S. Treasuries may still be the gold standard in terms of safety for foreign central banks, bonds issued by Ginnie Mae are a top choice, analysts say.
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