Apparently, the government backing of Freddie, Fannie and Ginnie Mae gave investors the confidence they needed to reinvest; reducing the necessity for increased mortgage rates. Now consumers are seeing rates reminiscent of 2003 and 2004 levels with fixed five year rates under 5.5 percent.
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[Source: Real-Estate Articles from EzineArticles.com - Posted by FreeAutoBlogger]
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