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  • Warning for Fannie Mae and Freddie Mac surrounding debt debate

    July 15, 2011 3:26 PM

    WASHINGTON (AP) - Standard & Poor's is warning mortgage giants Fannie Mae and Freddie Mac that they may lose their top credit ratings if lawmakers don't raise the U.S. government's borrowing limit in time to avoid a default. S&P says government-controlled Fannie and Freddie, along with certain Federal Home... more »
  • Mortgage rates sink to lowest this year

    May 27, 2010 10:07 AM

    Mortgage rates have fallen to the lowest level of the year as European turmoil caused investors to pour money into the safe haven of U.S. government securities. Mortgage company Freddie Mac says the average rate on a 30-year fixed rate mortgage dipped to 4.78 percent this week from 4.84... more »

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