Banks Offer Mortgage Rates Below 5 Percent
Daily Real Estate News | January 8, 2009 | The Federal Reserve earlier this week began purchasing $500 billion of mortgage securities backed by Fannie Mae, Freddie Mac, and Ginnie Mae. The move, to bolster the crippled residential property market, has resulted in some of the nation’s biggest banks–including JPMorgan Chase & Co. and Wells Fargo & […]