And what's important here you will hear some misinformation that says, well, institutional investors are 1 to 3%. That is true having been in markets for 35 or 40 years. Markets are made on the margin and Institutional investors are much higher in boomtown markets like Charlotte, like Atlanta, like Huntsville, Alabama. So they've done that. In terms of having Fannie and Freddie buy MBS. The mortgages are two parts. It is the 10 year bond yield and it is the spread between mortgages and the 10 year yield. (22:09–22:19)
CLAIM
Asserts that institutional investors have a significant presence in certain booming real estate markets.
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