freddie mac: Will mortgages cost more in the future for Arlington home buyers?
- 03/06/11 11:12 PM
Will mortgages cost more in the future for Arlington home buyers? If you are thinking about buying a home in Arlington or refinancing your mortgage, you should read two articles from Friday's New York Times: "A Plan to Phase Out Fannie Mae and Freddie Mac" and "Without Loan Giants, 30-Year Mortgage May Fade Away." Both articles suggest that proposed changes to Fannie Mae and Freddie Mac could increase borrowing costs and limit financing choices. Who are Fannie and Freddie? They are quasi-governmental organizations that provide a secondary market for home loans by guaranteeing mortgages from the lenders who originate them –allowing … (2 comments)
Will mortgages cost more in the future for Arlington home buyers?
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