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 HomePath.com 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.

http://blogs.barrons.com/stockstowatchtoday/2010/01/28/fannie-mae-free-toasters-to-spur-home-buying/?mod=rss_BOLBlog