30 Year mortgages see new low!
As the US government nationalized the home mortgage market the week has started with an abundance of mortgages available at rates not seen since last year. After bailing out Fannie Mae and Freddie Mac, absorbing close to 700 billion in outstanding bad mortgages onto the tax payers backs the newly government run corporations find they have an inside track on cheap money and virtually print at the expense of future generations diluting an already devalued dollar.
