Interest Rates are DOWN!
The Fannie Mae/Freddie Mac takeover has proved excellent for interest rates. I’m quoting my clients about a half a percent less than I was just 1 week ago on any given loan product. Both national and foreign investors are buying mortgage bonds in full force...It’s Official: Government Take-Over of Fannie Mae and Freddie Mac
It was announced on Sunday, September 7th that the federal government is officially taking control of mortgage giants Fannie Mae and Freddie Mac in a manner of “conservatorship” and that they will be regulated by the newly-created Federal Housing Finance Agency...Market Movement
Interest rates this week improved due to weak retail sales and disappointing unemployment figures. Mortgage interest rates move depending on how the overall economy is doing and react to economic reports that come out on a regular basis. A general rule of thumb is...For Better or For Worse: new appraisal process come January 2009
The credit crunch is making everything harder, interest rates more expensive, lenders much stricter and loans harder to come by. With this credit crunch comes the Home Valuation Code of Conduct, a new Fannie Mae and Freddie Mac rule that will be implemented in January...Loan Calculator
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