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Paulson Denies Rumored 4.5 % Mortgage Rate Plan

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Paulson Denies Rumored 4.5 % Mortgage Rate Plan By DIANA GOLOBAY December 17, 2008. The U.S. Treasury Department secretary Henry Paulson spoke out Tuesday denying the rumor that he and the Treasury are contemplating a plan to initiate a 4.5 percent mortgage rate for new home loans issued through Fannie Mae (FNM: 0.66 -4.35%) and Freddie Mac (FRE: 0.65 -5.80%), according to a MarketWatch bulletin.

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Microsoft has denied these rumors, but if sales stall, it might have to revisit those ideas. It’ll be a tough call, considering that the Xbox One already sells on a thin margin, with an estimated.

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