Wednesday, August 10, 2011

What the debt downgrade means for your mortgage

http://bit.ly/n8LSac


New York (CNNMoney) -- At least one fear was not realized amid Monday's meltdown: the concern that mortgage rates would immediately shoot higher in response to Standard & Poor's downgrade of Fannie Mae and Freddie Mac, the government-sponsored entities that are the 800-pound gorillas of the mortgage market.


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