Federal Reserve Chairman Ben Bernanke said the US government needs to maintain its guarantee on mortgage-backed bonds issued by Fannie Mae and Freddie Mac to preserve financial stability. “It is very important for financial stability and confidence that we make good that guarantee,” Bernanke said in response to a question from Representative Scott Garrett, a New Jersey Republican.

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Are mortgage rates about to hit an all-time low?

The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content

Feb 25, 2020 By
3d rendering of a row of luxury townhouses along a street

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