The federal government has taken over conservatorship of Fannie Mae and Freddie Mac. It is believed that this will lead to more stability for these companies and the financial markets and economy in general. It may lead to low interest rates for mortgages. There is a lot of information available about this and I’ve provided links to some articles below for those of you who would like to be more informed.
Mortgage Industry Welcomes Federal Fix – Sept. 9 – AZ Republic
A Primer on Fannie and Freddie: What the Bailout Means – Sept. 8 – U.S. News & World Report
Fannie and Freddie: What You Should Know – Sept. 8 – U.S. News & World Report