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Treasury May Lower Mortgage Rates to 4.5%

Rates could go as low as 4.5% to curb falling home prices

By Ambreen Ali, Newser User

Posted Dec 3, 2008 4:36 PM CST

(Newser) – The Treasury may try to bring new mortgage rates down to 4.5%—a full percentage point lower than current rates—to revitalize the housing market, the Wall Street Journal reports. Under the proposal, which is still in the early stages, the department would use... Read full story »

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Treasury May Lower Mortgage Rates to 4.5%

Rates could go as low as 4.5% to curb falling home prices

housing market • Freddie Mac • home loans • Fannie Mae • Treasury Department • subprime crisis

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More Newser Stories

Fannie Mae Needs Another $7.8B

Taxpayer bill for mortgage firm's rescue now $94B

In Times of Crisis, Paulson's the 'Decider'

Fannie-Freddie bailout shows Treasury sec enjoys a free hand

Feds Outline Fannie, Freddie Bailout

Gov't will step in as conservator; Treasury will buy preferred stock

Fannie, Freddie Take Another Beating on Bailout Fears

Falling market caps raise investor fears of government action

A Believer in Hands-Off Now a Defender of Hands-On

Treasury chief Henry Paulson has turned to intervention to calm markets

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