The US mortgage rates have fallen to 5.22% levels this week, which is the first decline to happen in the last three weeks. The US government is all set to take the bold move of pulling out all the bad assets of Freddie Mac and Fannie Mae in the coming weeks, through the creation of a new bad bank.
This move is expected to help these companies to start their mortgage lending activities on a full fledged basis, which can in turn help revive the vital housing sector. The mortgage rates stability would go a long way in helping the housing recovery.