Monday, September 08, 2008
Fannie Mae - Freddie Mac, and you
By now you've probably heard that the U.S. Government is going to bailout these two lending "powerhouses" (read U.S. Treasury press release. The announcement was made yesterday, but rumors had been swirling for days.
Analysts believe this move should ease tension in the lending market, and look for lower home loan interest rates in the weeks to come.
The stock market agreed with this move, moving in the positive direction.