Freddie Mac Bets Against Homeowners and Refinancing
A new report claims that Freddie Mac betrayed American homeowners. That is after placing multibillion-dollar bets that will pay off if homeowners remain shackled by costly mortgages with interest rates well above current rates. Interest rates now reach as high as seven percent. The company does not want borrowers to default on their mortgages. However, it’s also not in its best financial interest to have them shift to less expensive