The Fed ALMOST Got it Right!
November 25, 2008 by Bob Schenkenberger · Leave a Comment
The Fed announced today it will purchase up to $600 billion in mortgage backed securities issued by Fannie, Freddie and Ginnie Mae. As a result, 30 year fixed rates drop to 5.50%. This is great news! What isn’t such great news is that those in need of a “hand up” are NOT going to get [...]