Tag Archives: freddie mac

Why will interest rates rise for urban and rural people?

This article in the New York Times makes that claim but does not back it up. We all want to know what the future of mortgages will be without Fannie Mae and Freddie Mac. Matthew E. Kahn, an economist at … Continue reading

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What Will Life Be Like Without Fannie and Freddie?

Politicians love to meddle so much in the free market, I can’t believe the government will withdraw from the mortgage market, no matter how much damage it causes. Politicians want to appear to be helping hard-working American families achieve the … Continue reading

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U.S. Government To Put $400 Billion Into Fannie Mae, Freddie Mac

The government pushed Fannie and Freddie to buy $1.7 trillion worth of risky mortgage assets. Priming the housing market pump? Well, it flooded it. Why is the government subsidizing the buying of toxic mortgages? Insane. THE LAT SAYS: Speculators poured … Continue reading

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The One Home Mortgage Lender Left – The Federal Government

A few years ago, it seemed like anyone could get a home loan for a few hundred thousand dollars. No longer. Standards are up so high only a few people can now qualify for home loans. The Washington Post reports … Continue reading

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Getting Rid Of Credit Swaps

John Williams writes: The problem on Wall Street is all about mortgage-backed securities, derivatives and credit swaps — none of which should exist. Close Fannie Mae and Freddie Mac; outlaw mortgage-backed securities, derivatives and credit swaps; dissolve them and let … Continue reading

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30-year mortgages rise to 6.10 percent

WASHINGTON (AP) — Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week up slightly … Continue reading

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Mortgage Rates Drop Dramatically

From the Washington Post: For the first time in months, interest rates slipped below 6 percent this week, prompting Donna Gillis to immediately refinance the mortgage on her D.C. rowhouse. A weekly survey released by Freddie Mac yesterday shows that … Continue reading

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Let Bad Banks Go Under

Economist Steven A. Landsburg writes: Doug, you close by saying that the financial system needs increased (and presumably more effective) supervision. I agree. But there’s no reason to think we’ll get that from professional regulators. Instead, the supervision should come … Continue reading

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30 Year Mortgage Rates Way Up

From the AP: Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.08 percent this week. It was the highest level for 30-year mortgages in 11 weeks, since they averaged 6.13 percent the week of March 16. … Continue reading

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Solving The Mortgage Crisis

From Barrons: WHAT DO YOU CALL A PERSON WHO OWES MORE ON HIS MORTGAGE than his house is worth? Absurdly, the payments still are designated tax-deductible interest (mostly) and repayment of principal (a tiny fraction). To solve the mortgage crisis, … Continue reading

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