FREDDIE MAC

• The Government Will Ruin QE3

  By Chris Marasco - October 18, 2012 | Tickers: BAC, C, FNMA, FRE-PK, WFC

  In an unexpected twist of irony, the Government has become its own worst enemy.  The Fed recently launched its $40 billion per month mortgage bond buying program, QE3, to keep mortgage rates low for those hoping to borrow to finance homes.

  Part of the plan has worked – 30-year mortgage rates have touched the 3.5% area, an incredibly low level.  However, the implementation of the Fed’s plan left a more »