Monday, February 9, 2009

Real Estate Update: Fed’s plan to buy mortgage-backed securities will be announced tomorrow


CNBC.com released details on the soon-to-be-announced government plan to buy mortgage-backed securities. Treasury Secretary, Tim Geithner, will be presenting a comprehensive relief plan, intended to free-up lending, as well as offer some assistance to distressed homeowners and challenged firms that have applied for aid under the TARP (Troubled Asset Relief Program).

Read the full article on CNBC.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

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