Real Estate

U.S. Mortgage Rates Fall as Fed Buys Securities: Chart of Day (Bloomberg)

Jan. 7 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke may have finally found a way to drive down mortgage rates. The CHART OF THE DAY shows rates started falling after the Fed announced a $600 billion program to buy mortgage securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae.

This entry was posted on Wednesday, January 7th, 2009 at 10:37 pm and is filed under mortgage. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.