What Lower Mortgage Rates Could Mean for the Greater Seattle Area

Late yesterday afternoon, Trump posted on social media that he was instructing Fannie Mae and Freddie Mac to significantly increase their purchases of mortgage-backed securities (MBS), with figures being discussed as high as $200 billion.

While details and timing always matter, it’s important to understand how this type of action works, how it can influence mortgage rates nationally, and why the impact can be amplified here in the Greater Seattle housing market. [Read more…]