U.S. Treasury Considers Purchasing Mortgage Backed Securities to Help Drive Mortgage Rates to 4.5%.

December 10, 2008 at 5:43 pm | In Real Estate News, Sarasota Florida Real Estate | Leave a Comment
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As reported last week, two government agencies are proposing plans to attempt to drive the mortgage rates as low as 4.5%. Both the U.S. Treasury and the Federal Reserve have proposed similar plans to help the housing crisis. The idea is that the increased demand for mortgage backed securities would lower the mortgage rates.

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