Mortgage Rate Trend for 2009. The 10 Year Treasury Yield (^TNX) is a benchmark for 30 Fannie Mae and Freddie Mac 30 Year Fixed Mortgage Rates.
In other mortgage news that may effect mortgage rates it was announced the government is considering a complete overhaul of Fannie Mae and Freddie Mac which was created during the great depression and currently insures most mortgages in the US. This is major. The overhaul plans include for basically starting the companies over eliminating their current existence.
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