(What is this?)
Home > USA > Property > News : Housing market to be supported, says Federal Reserve
Not registered?  Join IPIN now FREE   |  Forgot password?

Housing market to be supported, says Federal Reserve

Article Date : Thursday, November 27, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Housing market to be supported, says Federal Reserve

The US Federal Reserve has announced it is allocating an extra USD600 billion (GBP393 billion) in a bid to raise the level of liquidity in the mortgage markets.

It announced that USD100 billion will be spent very soon on buying up obligations of government sponsored mortgage enterprises Fannie Mae and Freddie Mac in a series of competitive auctions.

Following this, it will allocate another USD500 billion to fund managers to buy up mortgage-backed securities from the same two firms plus Ginny Mae, a process that it said will be spread over "several quarters".

Those investing in overseas property may benefit from this should it successfully increase the level of liquidity in the sector, as this would raise the availability of mortgage funding for property purchases.

In further news concerning the US economy and property market, president-elect Barack Obama has announced key appointments to his economic team.
 

Tags: Barack Obama, Fannie Mae, Freddie Mac, GBP, United States, US Federal Reserve, USD
Listing Separator

Related Articles

  1. US to experience "Obama boom"
  2. New York property 'falling in price'
  3. Fabled Hawaii estate hits market priced at $80 million
  4. $48M First Phase of Brooklyn Bridge Park Project Breaks Ground
  5. Post Continues $360M Disposition Plan with Atlanta M-F Sale



Listing Separator

Let us search for you Let Us find Property in United States for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in United States.


Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: USA
Channel: All

More RSS FeedsGo

Prices from only 42,390 USD

Invest in discounted units on a 'first out' basis with total investment outlay of only 20% deposit. Solid assisted exit plan in place for the perfect 'flip' investment strategy.

View Investor Report >>

Media/Press SectionProperty News Search


   

News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo