Fannie and Freddie Changes Could Lower Housing Costs for Millions of Americans

Starting Monday, the U.S. government is making what’s widely described as the biggest change in a generation to the inner workings of the roughly $4.4 trillion market in mortgage-backed securities issued by the country’s two housing market giants, Fannie Mae and Freddie Mac. This change could mean lower housing costs for millions of Americans – or higher ones, depending on whom you ask.