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wall street journal: Lower the Interest Rate to What?!?! - 12/04/08 06:15 PM

 
 
 
 
    4.5%
    ?!?!?
 
 HAVE YOU HEARD ALL THE BUZZ ABOUT THE INTEREST RATE?
 
 
Now bear in mind that I am not in the Mortgage Industry but it seems that there has been some
interesting news(no pun intended) going on today about the interest rate going to 4.5%!
 
According to the Wall Street Journal the US Treasury Department is in the developmental stages of a plan working with Fannie Mae and Freddie Mac to encourage banks to lower their standard 30 year fixed rate mortgages to 4.5%. According to the Primary Mortgage … (3 comments)

 
Debbie Rainmaker_large

Debbie Hutchins ~ Marketing Consultant ~

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