Fannie Mae: Free Toasters To Spur Home Buying

Fannie Mae (FNM ) this morning announced it plans to give home buyers who purchase before May 1 3.5% of the closing costs of their home if they purchase from its site, or alternatively, “the equivalent amount in their choice of appliances.”

As a move to reduce the amount of housing stock, the company said the offer was critical to “stabilizing neighborhoods and helping the market recover.”

Fannie shares are off 2 cents, or 2%, at 99 cents; cousin Freddie Mac (FRE ) is down 4 cents, or 3%, at $1.17.