Real estate blog entries tagged with low mortgage rates by John Jones (Texas Urban Living Real Estate)

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Home : Blogs : John Jones : East Dallas Homes And Real Estate : Tag "low mortgage rates"

low mortgage rates: Mortgage Rates at 4.5%?!?! - 12/04/08 02:14 PM

As early as next week, we may see 30 year mortgage rates as low as 4.5%!
As we speak, the U.S. Treasury is evaluating different proposals and ideas to further stimulate the ailing mortgage and housing market. One key proposal offered up by lobbyists in the financial industry would involve the Treasury buying up mortgage-backed securities from Fannie Mae and Freddie Mac in an effort to set a target rate of 4.5% by manipulating the supply of mortgage-backed securities.
If this proposal is ultimately carried out by the Treasury, this would amount to an unprecedented action of direct involvement by the U.S. government to … (31 comments)

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John Jones

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