S&P: Fannie and Freddie Downgraded
August 8th, 2011
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Well, I guess we should have seen this coming. Standard and Poor's downgraded the debt of mortgage finance giants Fannie Mae and Freddie Mac. "The downgrades of Fannie Mae and Freddie Mac reflect their direct reliance on the U.S. government," S&P said in a statement.
Will this have an effect on mortgage rates? Not necessarily say some. Here is some additional information on this subject from the Wall Street Journal.
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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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