Mortgage rates for US homeowners have hit levels not seen since before Fannie Mae and Freddie Mac were put under government supervision - a pernicious sideeffect of the US Treasury's latest attempts to rescue the financial system by shoring up bank balance sheets.
Interest rates on 30-year, fixed-rate mortgages were at 6.38 per cent yesterday against 5.87 per cent before the Treasury's actions, according to Bankrate.com.
