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Tag Archives: Freddie Mac
Concerned about the slowing pace of recovery, the Federal Reserve on August 10 announced renewed efforts to keep interest rates low. As reported by The New York Times, the Fed will reinvest proceeds from its mortgage-bond portfolio in long-term government securities. For home buyers, it means mortgage rates should remain near historic lows for some time. Continue reading
Last week, the House and Senate passed legislation to extend the current loan limits for FHA, Freddie Mac and Fannie Mae through December 31, 2010. Continue reading