No. of Recommendations: 0
Ginnie Mae's are near an all time igh in price these days although the income can be good. It is a tough time to buy. I suspect she would rather have a fund than individual GNMA's (Does she really want to deal with early redemptions, some losses, etc?). I think Vanguard's GNMA fund is the best, but, as I said, it is within a few percent of an all time high. Could go higher within the next year, though, if the Federal Funds Rate falls some more and mortgage rates decrease.

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