Closing mortgage giants could boost rates - Press of Atlantic City: Southern New Jersey Business & Money - PressofAtlanticCity.com

Closing mortgage giants could boost rates

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Posted: Thursday, August 8, 2013 12:01 am

Associated PressWASHINGTON - Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.

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