| Oct 27, 2011 2:10PM The Chairman of the House committee that has been most active in the proposed dismantling of Freddie Mac and Fannie Mae has released his proposal to reform the secondary mortgage market . Rep. Scott Garrett (R-NJ) who heads the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises said his proposal intends to ensure robust private investment in the market without a government guarantee. His proposal would also abolish the risk-retention or so-called "skin-in-the... Oct 27, 2011 5:16PM The bigger reaction to events in Europe over the past two days sent Mortgage Rates higher today, now at the edge of the recent range. Whereas lender offerings were more stratified yesterday, as rates get pushed up to the wall at 4.25%, the variability has subsided somewhat. Today's Rates: BESTEXECUTION 30YR FIXED - 4.25% FHA/VA - 3.875% - 4.0% 15 YEAR FIXED - 3.625%, some 3.5% 5 YEAR ARMS - low 3% range, huge variations from lender to lender. Yesterday's Guidance (but a good read today): Unfortunately...
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