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Home » Store » News » Raines Says Freddie Problems Helped Raise Mortgage Interest Rates in Recent Weeks

Raines Says Freddie Problems Helped Raise Mortgage Interest Rates in Recent Weeks

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The nearly 100 basis points raise in long-term mortgage rates over the past month is at least partly to blame on Freddie Mac’s well-publicized accounting problems and the investor fallout associated with the news. That’s according to Fannie Mae Chairman Franklin Raines, who also announced this week that his company is lowering its estimates for mortgage originations for 2003 by a hefty $300
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