Mortgage Backed Securities Issued by Fannie Mae and Freddie Mac

Mortgage-Backed Securities Issued by Fannie Mae and Freddie Mac

Treasury Secretary Paulson is considering another plan to boost our sagging economy and more importantly, our ailing housing markets. The Treasury has already announced a plan to purchase Mortgage-backed securities issued by Fannie Mae and Freddie Mac AND wants to step up purchases in a coordinated move to drive home loan rates to 4.5%.

While the details still need to be ironed out- just be careful what you wish for. Talk of this may stop potential buyers in their tracks from purchasing a home now as they would want to wait in the hopes of lower rates.

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If you are interested in relocating to Las Vegas or would like information on Las Vegas real estate, please email me, Bob Ratliff with RE/MAX CENTRAL LAS VEGAS, at rratliff@remax.net, or call me at 702-807-5528. I look forward to hearing from you!