primelenderblog.com » $500 billion to buy-up mortgage-backed securities http://primelenderblog.com Prime Lender Blog and News information Thu, 02 Jul 2009 02:46:36 +0000 http://wordpress.org/?v=2.6.2 en Mortgage rates set another record low http://primelenderblog.com/mortgage-rates-set-another-record-low.html http://primelenderblog.com/mortgage-rates-set-another-record-low.html#comments Tue, 13 Jan 2009 04:17:04 +0000 http://primelenderblog.com/?p=126 Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to the lowest mark since Freddie Mac started tracking the data nearly 28 years ago.

Rates have been falling since late November, when the Federal Reserve announced a plan to spend up to $500 billion to buy-up mortgage-backed securities in efforts to buttress the distressed U.S. housing market.

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