Treasury Plan Creates 4.5% Rates - Mortgage Forums for Brokers and Loan Officers

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Treasury Plan Creates 4.5% Rates

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12-04-2008, 08:32 AM

Veronica Corningstone Veronica Corningstone is offline

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Treasury Plan Creates 4.5% Rates

The U.S. Department of the Treasury is floating a plan to bring mortgage rates down, the Wall Street Journal reported. The strategy utilizes Fannie Mae and Freddie Mac. Under the plan, mortgage rates would be pushed down to 4.5 percent.

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