Freddie Mac is pleased with the Federal Reserve’s announcement last week that they expect to keep interest rates near zero at least until 2013. This should prove beneficial according to the press release highlighting Freddie Mac’s summer housing outlook.
The complete Freddie Mac Housing Outlook is located here but it’s only 3 pages. There’s not much new reported from what I could tell other than mortgage rates are back to about where they were in the….yes, 1950′s.
- S&P Downgrades Fannie Mae and Freddie Mac to AA+ (johnmurphyreports.com)
- Freddie Mac Issues Monthly Volume Summary for June 2011 (bespacific.com)
- Freddie Mac says housing sector unlikely to see double dip (pinkbananaworld.com)
- Wall Street Bailout: Too Big To Collect? (businessinsider.com)