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Mortgage rates could drop

By Bob | December 14, 2008

  Ok.. get ready…… set….. Stand by! This from the AP and published in the Courier-Journal today:

·         WASHINGTON — Government efforts to provide easier credit to consumers and jump-start flagging home sales could push mortgage rates “well below 4 percent,” a federal regulator says  James Lockhart, whose agency oversees government-controlled mortgage giants Fannie Mae and Freddie Mac, made the comments Wednesday at a meeting of Women in Housing & Finance, an industry group. He did not say how long it would take to achieve such a drop.  Treasury Department officials have been considering a program to lower mortgage rates, which would not apply to refinanced loans. Real estate agents and builders have been lobbying intensely in Washington for government efforts to spur home sales amid a severe decline in the U.S. housing market,  www.weselllouisville.com

Topics: Trends |

One Response to “Mortgage rates could drop”

  1. Real Estate Secret Info » Blog Archive » Mortgage rates could drop | Luxury Louisville Homes Says:
    December 15th, 2008 at 4:08 am

    […] unknown wrote an interesting post today onMortgage rates could drop | Luxury Louisville HomesHere’s a quick excerptReal estate agents and builders have been lobbying intensely in Washington for government efforts to spur home sales amid a severe decline in the U.S. housing market, http://www.weselllouisville.com. Topics: Trends | … […]

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