Friday, December 5, 2008

4.5% interest Rates?

While the federal government has little control over mortgage rates, a proposal floated yesterday might help. Financial industry lobbyists want the U.S. to buy mortgage-backed securities from Fannie Mae and Freddie Mac, projecting that it could lower the 30-year mortgage rate to at least 4.5 percent and jumpstart home sales.

1 comment:

Anonymous said...

Team McCormick is the best!