fannie mae: Finally Good News for Home Buyers
- 09/11/08 02:33 PM
“Mortgage rates have dropped .5% and are expected to drop even further.” Just recently the US Government has assumed control of the mortgage giants Fannie Mae and Freddie Mac in efforts to stabilize the financial markets. This move was taken as a necessary reaction to financial concerns that Fannie and Freddie could collapse due to financial insecurity. If Fannie and Freddie were to collapse, the housing market would collapse altogether. This is good news for home buyers and aims to put downward pressure on mortgage rates to ensure home loan funding remains available. These necessary steps will help to strengthen the U.S. housing … (0 comments)
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Karen Arbutine
Top 100 Orlando Realtors by Orlando Regional Realt
“Mortgage rates have dropped .5% and are expected to drop even further.” Just recently the US Government has assumed control of the mortgage giants Fannie Mae and Freddie Mac in efforts to stabilize the financial markets. This move was taken as a necessary reaction to financial concerns that Fannie and Freddie could collapse due to financial insecurity. If Fannie and Freddie were to collapse, the housing market would collapse altogether. This is good news for home buyers and aims to put downward pressure on mortgage rates to ensure home loan funding remains available. These necessary steps will help to strengthen the U.S. housing … (0 comments)
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