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Fannie, Freddie Overhaul Will Translate Into Higher Mortgage Rates

Mortgage rates could rise by as much as 1.5 percentage points for homeowners with weaker credit or smaller down payments under various legislative proposals to overhaul Fannie MaeFNMA -7.69% and Freddie MacFMCC -8.15%, according to a study prepared for an industry group.

Bloomberg News

The study, by Kent Colton and Michael Carliner of the Harvard Joint Center for Housing Studies, was produced for the Leading Builders of America, a trade group representing large U.S. home builders. The study found that earlier estimates of mortgage-rate increases from an overhaul of the mortgage-finance giants understate the potential impact to average American borrowers.

via Fannie, Freddie Overhaul Will Translate Into Higher Mortgage Rates – Real Time Economics – WSJ.

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