Monthly Archives: September 2008

Government “Bail-Out” Bill

It appears to me that many people who claim that the bail out bill only benefits the rich at the expense of the poor don’t seem to understand that the proposed bill calls for the U.S. Government to purchase distressed … Continue reading

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Takeover of Fannie Mae and Freddie Mac leads to drop in Interest Rates

Sunday’s announcement of the takeover of Fannie Mae and Freddie Mac has led to a dramatic decrease in interest rates. Conforming 30 year fixed rates have dropped almost a half point, and even jumbo 30 year fixed rate mortgages have … Continue reading

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