Tuesday, September 09, 2008

What the Mortgage Takeover Means for You

Ron Lieber of the New York Times explains in plain English why the seizure of Fannie Mae and Freddi Mac took place, and explores what effect it will have in the areas of:
  • Mortgage Rates
  • Home Prices
  • Old Loans
  • New Loans, and
  • Investors

Click here to read the article in its entirety and find out what this unprecedented event has to do with you, the consumer.

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