fastest growing real estate markets: Low Interest Rates Caused by Fannie Mae and Freddie Mac Takeover
- 09/15/08 10:55 AM
Interest rates are the lowest we've seen in 5 months, starting at around 5.5% today! What caused this? The takeover of Fannie Mae and Freddie Mac by the Feds; the two mortgage firms will now be overseen by the Federal Housing Finance Agency. The government will only temporarily control these firms until they "are on a stronger footing". President Bush says of the takeover, "Americans should be confident that the actions taken today will strengthen our ability to weather the housing correction and are critical to returning the economy to stronger sustained growth in the future." Read the article "U.S. Seizes Fannie … (3 comments)
10 Fastest-Growing Real Estate Markets by Money StaffTuesday, May 13, 2008provided by Yes, even amid the housing crisis, parts of the U.S. are still expected to post price gains in the coming year, according to Money Magazine. Here's where to look. The housing implosion is nowhere near over. In 75 of the 100 top U.S. cities, prices are expected to fall in the next 12 months according to Fiserv Lending Solutions. The S&P Case/Shiller Home Price Index, which tracks 20 of … (10 comments)
Interest rates are the lowest we've seen in 5 months, starting at around 5.5% today!
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