Loans and Stuff | Woes Afflicting Mortgage Giants Raise Loan Rates

Archive for the 'Woes Afflicting Mortgage Giants Raise Loan Rates' Category

Woes Afflicting Mortgage Giants Raise Loan Rates

Mortgage rates are rising because of the troubles at the loan finance giants Fannie Mae and Freddie Mac, threatening to deal another blow to the faltering housing market.
Even as policy makers rushed to support the two companies, home loan rates approached their highest levels in five years.