Mortgage Rates Drop on News of Fed’s $800 Billion Housing Plan
Fixed Mortgage Rates Plummet To New Historic Lows
Get ready for an early holiday present, dear consumers.
In an effort to breathe life into the struggling American economy, the Federal Reserve made an announcement Tuesday to spend another $800 billion trying to revive the mortgage market. Nearly $600 billion is intended for buying the debts of mortgage giants Fannie Mae, Freddie Mac and Ginnie Mae. The overall hope in this Read more