http://mioaklandcounty.com/blog/2009/01/26/kens-oakland-county-mortgage-update-january-2009/?utm_source=rss&utm_medium=rss&utm_campaign=kens-oakland-county-mortgage-update-january-2009 Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Michigan Tue, 15 May 2012 18:53:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://mioaklandcounty.com/blog/2009/01/26/kens-oakland-county-mortgage-update-january-2009/comment-page-1/#comment-69308 Richard Stabile Fri, 06 Feb 2009 21:53:24 +0000 http://mioaklandcounty.com/blog/?p=1202#comment-69308 You can't jar bone it, you just have to do it. The fed can to a certain extent, by providing direct funds into the agencies, Fannie and Freddie, and lend at what ever rates it wants. They are buying mortgage bonds and funding. It is just going a tad slow, with some delays. If they continue the program and the dollar holds up, rates will go down to 4%. Congress is working on other incentives for buyers. With all the money hitting the streets, it has to go somewhere. You can’t jar bone it, you just have to do it. The fed can to a certain extent, by providing direct funds into the agencies, Fannie and Freddie, and lend at what ever rates it wants. They are buying mortgage bonds and funding. It is just going a tad slow, with some delays. If they continue the program and the dollar holds up, rates will go down to 4%. Congress is working on other incentives for buyers. With all the money hitting the streets, it has to go somewhere.

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