This week, U.S. mortgage rates fell to their lowest in nearly 10 months, potentially revitalizing the stagnant housing market. With the average 30-year mortgage down to 6.58%, homebuyers might finally have the purchasing power they need.
In a bold move, President Trump suggested merging Fannie Mae and Freddie Mac into a new entity, 'MAGA', which could be publicly traded. This proposal comes as the government plans to sell its stakes in these vital mortgage giants, potentially generating billions.
The Trump administration is reportedly planning an IPO for the Great American Mortgage Corporation, aiming to raise $30 billion. Analysts express skepticism about the timeline and execution, emphasizing the need for government support to maintain mortgage rates.
The Trump administration is set to potentially sell shares of Fannie Mae and Freddie Mac, aiming to raise around $30 billion and valuing these mortgage giants at $500 billion. What does this mean for your mortgage rates?
In a surprising twist, rumors swirl around Fed Chair Jerome Powell's potential resignation as pressure mounts following accusations of misleading Congress about a costly renovation project. With Trump's administration stepping up the heat, what does this mean for the economy?
Rumors of Jerome Powell's potential resignation are causing a stir, with many believing it could lead to a significant economic boost for America. Could this be the turning point we've been waiting for?
