Real estate blog entries tagged with fannie mae freddie mac goevernment by Jim Cunningham (Nova Home Loans

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Home : Blogs : Jim Cunningham : Jim Cunningham's Blog : Tag "fannie mae freddie mac goevernment"

fannie mae freddie mac goevernment: Fannie Mae, Freddie Mac & Government: What it means to you in the short term - 09/09/08 01:19 PM

In case you haven't heard yet, the Federal Government took control of Fannie Mae & Freddie Mac over this last weekend. This means (among other things) that all changes to their loan programs will have to go through congress now. The potential long term effects of this Government intervention are still uncertain, however, the short term effects have been amazing. RATES ARE LOWER.
30 year rates have fallen about .5% in the last 24 Hours. Good borrowers can get a 30 year rate at 5.875% (without a buy down) as of 6:00 this morning. This is good news for people currently … (1 comments)

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Jim Cunningham

Phoenix, AZ

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Nova Home Loans - BK#0902429

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