Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (414959)	9/7/2008 3:14:01 PM
From: tejek	Read Replies (1) of 1576697

Concerns on Fannie & Freddie turmoil Because of their problems, FRE and FNM have been tying up a lot of private capital........its why mortgage interest rates have remained fairly high compared to the Fed rate. With the bailout, that will change and rates should start coming down.......spurring the purchase of housing. In addition, with federal ownership, the feds can renegotiate the loans, lower their interest rate and their payments, extend the life of the loan, etc helping to keep people in their homes rather than foreclosure. The less homes coming on the market will allow housing prices to stabilize. As it is, housing sales were starting to pick up a little. My sister in NH who had little business in April thru June is swamped now. I expect sales to increase as we go into the fall months. None of this is good but just another bad memory of the Bush years......and more national debt.

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