Too Close for Comfort? Uncle Sam’s Bailout of Fannie Mae and Freddie Mac

Adapted from The National Association of Realtors Statement on the Government Takeover of Fannie Mae and Freddie Mac as published at www.Realtor.com

What the Government Takeover of Fannie Mae and Freddie Mac Means to the Housing Industry
Washington, D.C. (September 8, 2008) - The federal government’s takeover of secondary mortgage giants Fannie Mae and Freddie Mac should cause a drop in mortgage rates in the short term that benefits home buyers, but the long-term outlook is too early to call. NAR fully supports the action of the U.S. Treasury and the Federal Housing Finance Agency.