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Good news!
The mortgage industry just received a nice boost! The Fed is going to buy Mortgage Bonds. The Federal Reserve just announced that it would purchase $600 Billion of Mortgage-Backed Securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. This brilliant move by the Fed is designed to help increase the availability of credit, while lowering fixed mortgage rates. With great rates and excellent values, NOW is the time to purchase on the central coast.
Posted: on Saturday, November 29th, 2008 at 4:46 pm.