Most Viewed Stories
Most Commented Stories
Most Recommended Stories
Save & Share this Article
New plan to help home buyers
Comments 0 | Recommend 0(NEWSCHANNEL 3) - The U.S. Treasury Department is considering a new plan to help people buy a home.
It would encourage banks to approve mortgages at low rates to help revive the housing market.
Under the current plan the government would buy mortgage-backed securities from Fannie Mae and Freddie Mac to bring 30 year loan rates down to 4.5 percent.
It's unclear how much the plan would cost. The new rates will apply only to new borrowers, not to people who are refinancing.
See archived 'Top Stories' stories »
We want our site to be a place where people discuss and debate ideas that foster stronger communities. We built this for you. Please take care of it. Tolerate broad thinking, but take action against obscene or hateful material. Make it a credible and safe place worth preserving and sharing.
