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Real Estate
Reply to "Hike in payments for good-credit homebuyers to subsidize high-risk mortgages"
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[quote=Anonymous][quote=Anonymous]I read once that the existence of Fannie/Freddie causes mortgage rates to artificially lower due to govt backing. That savings mainly goes to richer people who owns. The interesting part that subsidy to the rich is far greater than welfare check cost. Fannie and Freddie is welfare for the rich [/quote] False. Jumbo loans have lower interest rates than conforming loans backed by Freddie/Fannie. [/quote]
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