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GSE bailout could come back to bite mortgage rates - Reuters NEW YORK (Reuters) - The U.S. government's historic bailout of Fannie Mae (FNM.N: Quote , Profile , Research , Stock Buzz ) and fixed rate mortgage Freddie Mac (FRE.N: Quote , Profile , Research , Stock Buzz ) may eventually end up raising mortgage rates instead of Source: www.reuters.com Some mortgage rates drop below 6 percent - San Francisco Gate Sunday, September 14, 2008 Freddie Mac reported Thursday that its nationwide survey found that 30-year fixed-rate mortgages dipped to 5.93 percent last week, down from 6.35 percent the previous week. The sharp decline pushed the 30-year rate below 6 Source: www.sfgate.com Westpac cuts fixed rate home loans - News.com.au WESTPAC will drop its fixed interest rates for both new and fixed rate mortgage existing customers by up to 0.3 per cent from tomorrow. Fixed interest home and fixed rate mortgage residential investment loan rates will decline across all terms by between 0.2 percentage and fixed rate mortgage 0.3 percentage Source: www.news.com.au Abbey to cut mortgage rates again - BBC News In the past week other lenders including the Nationwide, HSBC and fixed rate mortgage the Co-op bank have also cut their rates. The downward trend in fixed-rate mortgage costs is due to the falling cost to banks of borrowing wholesale funds on the financial markets Source: news.bbc.co.uk Mortgage shopping? Rates are looking much better - Boston Globe Up until about a week ago, it was pretty much impossible to find a 30 year fixed mortgage rate much lower than 6.375 percent. Mortgage rates declined on Monday and fixed rate mortgage Tuesday of this week and fixed rate mortgage now rates in the 5's are common. Bankrate is reporting an Source: www.boston.com Mortgage Seekers Find Rates Are Down, Credit Standards Tighter - Bloomberg Sept. 16 (Bloomberg) -- U.S. mortgage rates are dropping. Good luck getting a loan. Existing home prices have fallen 7.7 percent since their July 2006 high and fixed rate mortgage rates dropped below 6 percent last week for the first time in more than three months. The Source: www.bloomberg.com Mortgage rates drop after Freddie, Fannie bailout - CNN Money New York (CNNMoney.com) -- Rates on 30-year mortgages dropped, after the U.S. government took control of mortgage financing giants Fannie Mae and fixed rate mortgage Freddie Mac last weekend. The Primary Mortgage Market Survey from mortgage finance company Freddie Mac Source: money.cnn.com Preferred stocks may not be savior - Philadelphia Inquirer Treasury Secretary Henry M. Paulson Jr.'s decision last week to seize Fannie Mae and fixed rate mortgage Freddie Mac may choke off the biggest source of funding for financial companies that are suffering from the collapse of the subprime mortgage market. Concern about Source: www.philly.com

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