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mortgage rates at 45: Mortgage Rates at 4.5%?!?! - 12/04/08 10:33 PM
John Jones gave us an interesting post.  What do you think of all this?
Mirela Monte, Your Myrtle Beach Real Estate Connection





Via John Jones:
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% … (8 comments)

 
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