Industry NewsMortgage

Mortgage rates plunge this week

Long-term impacts of Fannie-Freddie bailout remain to be seen
Published on Sep 11, 2008

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by CareyBot

Interest rates for 30-year fixed-rate mortgages dipped below 6 percent for the week ending Sept. 11, as investors who buy securities that fund loans reacted to a government bailout plan that includes explicit backing of the debt of mortgage financiers Fannie Mae and Freddie Mac.

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