We've received some of the biggest news to hit newsstands in quite some time and it barely made the spotlight! News that the Treasury Dept has plans to purchase roughly $600 Billion in mortgage-backed securities should be posted on the front page of every news giant across the nation, but instead we see Somali Pirates & OJ's sentencing... Granted, pirates & OJ do have a knack for capturing our attention on a celebrity level BUT...the Treasury news is news that truly has the potential to start a boom like no other! Let's decipher the $600 Billion... Under this proposal, the Treasury buys mortgage-backed securities...why? Because by purchasing the securities, it pushes rates down. Right now, interest rates on a 30-year fixed rate mortgage are hovering around 6% and the goal is to drive...
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