freddie fannie mortgage rates: Freddie & Fannie & Mortgage Rates - Where Now?
- 09/19/08 12:44 PM
In light of the Treasury Department's action to place government sponsored enterprises, Freddie Mac and Fannie Mae, into a conservatorship, people are asking "What does this mean for me?"
Many experts have speculated that this decision could lead to lower rates on various mortgage products. Thus far, there has been no significant changes in rates overall. Over the past week, the average rate 30-year fixed rate mortgages offered by major financial institutions have dropped 22.6 basis points from 6.761% to 6.535%. If rates continue to drop due to this takeover, this may create some excellent opportunities for homeowners and prospective buyers … (0 comments)
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In light of the Treasury Department's action to place government sponsored enterprises, Freddie Mac and Fannie Mae, into a conservatorship, people are asking "What does this mean for me?"
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