Real estate blog entries tagged with mortgage industry received some big news by RATLIFF/PITTENGER GROUP RE/MAX LAS VEGAS REAL ESTATE AGENT (REMAX ADVANTAGE LAS VEGAS)

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Home : Blogs : RATLIFF/PITTENGER GROUP RE/MAX LAS VEGAS REAL ESTATE AGENT : REMAX LAS VEGAS : Tag "mortgage industry received some big news"

mortgage industry received some big news: Mortgage Industry Received Some Big News - 11/25/08 05:18 PM

Mortgage Industry Received Some Big News
The mortgage industry received some big news this morning that will likely overshadow the Gross Domestic Product and Consumer Confidence reports today. The Federal Reserve just announced that it would purchase $600B of Mortgage backed securities backed by Fannie Mae, Freddie Mac and Ginnie Mae. This brilliant move by the Fed is designed to help increase the availability of credit, while lowering fixed mortgage rates.
News of these plans is already helping push mortgage lower, as mortgage bonds have had a strong rally. In addition, the Fed will allocate $200B to create liquidity in the … (0 comments)

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