Saturday, July 12, 2008

Fannie, Freddie, and You

Now that's a fun group, right?

An interesting article in the Times explaining how the recent troubles of Fannie Mae and Freddie Mac might impact the average home buyer or person with some average mutual fund investments. Has anyone ever really understood what the Fannie and Freddie do? And what's the difference between the two? Read he article...

The impacts seem to be expected higher mortgage rates longer term and if any funds you own are invested in the two companies they may have taken a hit.

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