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Tag: Home Sales

Today: Fed announces $750 Billion to purchase Freddie & Fannie MBS.

Posted on March 18, 2009 by S-Crow

Opinion: Today the Fed announced a significant plan to purchase an additional $750 Billion in mortgage backed securities from agencies Freddie Mac and Fannie Mae. The proposal is hopeful in that it will stimulate the housing market and refinance business by producing exceptional mortgage rates lower than where they are today. Will this impact the…

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