What Happens if Fannie Mae and Freddie Mac go away?

waving goodbyeDissolving Fannie Mae, Freddie Mac may hurt borrowers
Source: The LA Times

What will the proposed elimination of Fannie Mae and Freddie Mac mean for consumers? In the absence of a government guarantee, experts contend that mortgage rates are likely to rise, and the widespread availability of 30-year mortgages would be jeopardized. Economists at Moody’s Analytics estimate the average mortgage borrower would see interest rates increase by one-half to three-quarters of a percentage point.
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2 thoughts on “What Happens if Fannie Mae and Freddie Mac go away?

  1. Pingback: Mortgage Rates Continue to Creep Up as Economy Heals « Real Estate Prophets

  2. Pingback: What would killing Fannie Mae and Freddie Mac mean? « Real Estate Prophets

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