Feds unveil plans to unfreeze consumer debt market
Lets hope that this will help provide some stability to our markets.
Feds unveil 2 programs to provide $800 billion to help unfreeze market for consumer debt. The Federal Government has announced they will purchase Mortgage Backed Securities directly from Fannie Mae and Freddie Mac.
Current Rates
Conventional 30 yr fixed, 30 day lock, > 720 credit score
Zero point = 5.625%
One point = 5.375%
FHA 30 yr fixed, 30 day lock > 650 credit score
Zero point = 5.5%
One point = 5.375%
VA 30 yr fixed, 30 day lock > 650 credit score
Zero point = 6%
Half point = 5.5%
Comments(0)