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17 Aug 11 Obama Warming to Idea of Helping Mortgage Giants Fannie and Freddie

President Obama announced yesterday that he is leaning towards funding a reorganization of the two failing government mortgage agencies Fannie Mae and Freddie Mac. The White House and Treasury Department also acknowledged that the Obama administration is working on a plan to continue the U.S. government’s role as an insurer of home mortgages for most [...]

Obama Warming to Idea of Helping Mortgage Giants Fannie and Freddie



Reader's Comments

  1. |

    It is uncertain how these proposed changes would affect future mortgage rates. Currently, home loan rates are at historic lows, but how many people actually qualify for these loans? Home mortgage rates are some of the best rates they’ve ever been right now for borrowers. Now is a good time to borrow if you are in the market for a new home or to refinance.

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