freddie mac: Fannie and Freddie
- 09/10/08 02:26 PM
We've been reading the Journal, watching CNBC, how is the whole Fannie Mae/Freddie Mac bailout going to effect citizens of the U.S.? Well, in the short term.......better lending rates. A local credit union is quoting 5.375% for a 30 yr fixed mortgage TWO DAYS AFTER the federal government announced its takeover for Fannie and Freddie. The extent to how the takeover will effect share holders is yet to be determined, but rates on the secondary market are still incredibly favorable to qualified borrowers. I'm not going to give you a brainwashed answer of "Everything is great", but everything is pretty darn … (1 comments)
We've been reading the Journal, watching CNBC, how is the whole Fannie Mae/Freddie Mac bailout going to effect citizens of the U.S.?;)
;)
